It’s impossible to predict with any certainty when interest rates will rise again – there are no hard or fast rules about when exactly it will happen. The most important thing for borrowers is to be sure that if you’re on a tracker, discount or other variable rate mortgages – you could still afford your repayments if rates went up by 2%. Although it’s unlikely that rates would rise by 2% in a short period, it’s not impossible.

There is no standard amount as such, but generally speaking the larger the deposit then the better rate you will get on a mortgage deal. Our team are happy to advise in more detail.

Visit our Mortgage Information page or call our team so we can talk you through the best options.