In reply to Petula Perrault.
I think you need to talk to a debt adviser about your options urgently. Go to your local Citizens Advice or phone National Debtline on 0808 808 4000.
To answer your question, the rate is likely to increase again at some point, but this may be very slow as although all new mortgages are at over 2.65%, it won’t increase until the average rate has gne up 0.5%, so that is still taking account of the many mortgages on long fixes at a cheap rate.
