It comes as finances are being squeezed by the rising cost of living, driven by record fuel and energy prices. Inflation - the rate at which prices rise - is currently at a 40-year high of 9%, and the Bank of England has warned it could surpass 11% later this year as reported by the BBC.

The banks experts warned that prices for households across the country might increase even further than previously thought, as three of the nine-person Monetary Policy Committee (MPC) voted for an even bigger hike, arguing that rates should rise as high as 1.5%.

If you are considering a mortgage or remortgage then now might be the time to get in touch to take advantage of the lower fixed rates whilst they remain available.

Additionally, if you have any queries on how this will affect your current mortgage deal, then please get in touch.