LiveMore Capital comments on the news of the rise in inflation (17 August)

Simon Webb, MD of Capital Markets and Finance at LiveMore Capital, comments on the news of the rise in inflation (17 August).

“With inflation rising to above 10% earlier than expected it puts even more pressure on the Bank of England to raise the base rate and it may even be another 0.5% increase next month.

“This brings into sharper context why borrowers should opt for long term fixed rate mortgages so they can beat inflation and be certain their monthly payments won’t rise for a fixed period of time.”

Kindly shared by LiveMore Capital

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