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Will my monthly mortgage repayments go up if the Bank of England Base Rate increases?

If you are within your fixed rate period, then you will not see an increase in your mortgage payments. If, however you have a tracker mortgage or are on the lender’s standard variable rate then you should expect to see an increase in your monthly repayments.  Equally, if the Base Rate decreases, then you would expect a reduction in your monthly mortgage payment.

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