Now’s the time to fix your mortgage

Interest rates are beginning to creep up again. Now's the time to consider what mortgage you have, says Ruth Jackson.

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Move your savings if the rate doesn't rise
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Last week the Bank of England increased interest rates for the first time in a decade, pushing the bank rate up from 0.25% to 0.5%. It's not a huge rise it only takes us back to where rates were last June, and had been for seven years prior to that. Having said that, even this small hike will probably affect your finances in one way or another, so it's worth ensuring that you are making the most of the available deals.

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Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.