What another increase could mean for you.

[alt_text]( How will another interest rate increase effect you? The Bank of England increased the interest rates by another 0.25% meaning the base rate now sits at 4.25%. The jump is said to try and help tackle the recent increase in inflation rates. The base rate is now the highest it has been since October 2008, when it stood at 4.5%. If you are remortgaging, it is said that almost 57 per cent of deals coming up for renewal in 2023 are at rates below 2 per cent, which is more than half of the current rates being offered by lenders. If you have a mortgage renewal looming over you this year, get in touch with one of our experts to see how we may be able to help. [Get in touch]( Use our free [mortgage calculators]( below − no credit checks! [alt_text]( [Bad Credit calculator →]( Fill out a few details to see if you are eligible for Bad Credit Mortgage [alt_text]( [Mortgage Affordability calculator →]( Complete your income details to give yourselves an idea how much you may be able to borrow. [alt_text]( [Self Employed calculator→]( Fill in a few details to see if you qualify for a Self Employed Mortgage [More calculators →]( Will the interest rate increase impact my ability to get a mortgage? If you are a first time buyer, or looking for a new home, the current mortgage rates may be daunting to look at. With the recent rise this will also hike up the monthly repayment prices. With this in mind, you may want to see what you can afford when it comes to getting a mortgage, usually a higher deposit can mean lower monthly payments depending on your repayment term. To find out what you may be able to afford, [try our calculator]( below. [Try our mortgage affordability calculator]( [Blog post]( [Bank of England Interest Rate Rise in 2023]( It is certainly true that if [interest rates]( rise so will the cost of borrowing. However, the correlation between the two are not always that straight forward for your [mortgage](. In the current market, whilst the base rate has risen, lenders have actually been reducing their fixed rates. There could be a number of reasons for this. [Read post →]( [Blog post]( [What Mortgage Can I Get With My Salary?]( One of the main conversations we have with clients is on the subject of what is the maximum they are [able to borrow]( or are they able to get the amount they wish to borrow. Of course, this is one of the key elements of being able to proceed with your plans or know what your plans may need to be, such as [what price range you can consider]( for your purchase based on the results. [Read post →]( Want to find out more? [Visit our website.]( [Visit our website]( [alt_text]( [alt_text]( [alt_text]( [01473 356 284](tel:01473356284) [justmortgagebrokers.co.uk]( [Just Mortgage Brokers]( Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. [Just Mortgage Brokers]( Limited. Registered Company number: 08389911. Registered office: 80 Compare Crescent, Ipswich, IP2 0EH. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT. MARCH 2023 [Unsubscribe](#) This email was sent to {EMAIL} [why did I get this?]( [unsubscribe from this list]( [update subscription preferences]( Just Mortgage Brokers · Unit 2/3 Friars Courtyard · 30-32 Princes Street · Ipswich, suffolk IP1 1RJ · United Kingdom