Mortgage company John Charcol have advised people to consider remortgaging in wake of the Bank of England's decision to hold the base rate at 5.25% - highlighting tracker mortgages as a particularly advantageous deal.
The group believe that securing a deal now will save consumers massive amounts of money in the future when interest rates will almost certainly grow.
A spokesman for the group commented: "An excellent choice of two-year trackers is available well below bank rate and it is even possible to buy a three or five-year tracker mortgage below bank rate with no early repayment charges at any time and a droplock option."