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MEX says lifetime customers are protected from base rate rise

Mortgage Express has responded to today&#39s decision by the Bank of England&#39s Monetary Policy Committee to raise the base rate to 4.5%, saying that its lifetime customers are protected from the increase.

Tim Sturley, head of business development at Mortgage Express, says: &#39&#39Lifetime customers are generally viewed as vulnerable, but all of our lifetime customers are on a fixed rate for the life of their mortgage, which means that they are protected from this and future changes in the base rate.

&#39&#39The pundits are predicting future increases to the base rate this year – our lifetime customers have peace of mind knowing that their lifetime product is fixed for the life of the mortgage and that they are not susceptible to the fluctuations in the market more generally. It is yet another safeguard to protect lifetime customers.”

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Speculation mounts over Deutsche Bank and Barclays merger

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How we’re challenging challenger banks

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