As the UK base rate has increased over the last 20 months, so have mortgage rates. The huge number of mortgage holders who will be remortgaging at a higher rate will play a large part in helping to bring down inflation, as disposable income is squeezed and spending power chipped away. Even those who don’t own a mortgage are highly likely to know someone with a mortgage – in 2020, approximately 28% of dwellings in the UK were owned with a mortgage or a loan.

Mortgage adviser Joanne Lawrenson provides us with an Astute Mortgage Market Overview, discussing how the current environment is impacting the mortgage market.