Now’s the time to fix your mortgage

Merryn Somerset Webb explains why you should think about fixing your mortgage, and shops around for some of the best deals.

We remind you constantly that interest rates in Britain are at 300-year lows. We go on about it, because we want to make it clear that this is a deeply abnormal situation and one that is unsustainable.

Interest rates have been falling for 20-odd years. They can't go much lower, and at some point will have to start rising back to normal levels. That may not happen in a hurry, but it will happen.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.