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Mortgage borrowers who are approaching the end of their fixed-rate deal will have the chance to lock in a deal up to 6 months ahead.
It comes as part of a new set of measures delivered through the mortgage charter and will come into effect onA number of lenders already allow customers to lock-in a deal up to 6 months before, but all lenders signed up to the mortgage charter will now have to offer this.The Office for National Statistics will release the inflation rate for the 12 months to June onConsumer Price Index inflation is a figure used to explain how much the prices of goods and services have increased over time.
However, because some benefits are subject to an assessment period – like Universal Credit, for example, some claimants' 4-week assessments would have started after the rate rise on April 10, with many people then not seeing any change in their benefits until May or June.
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