Article: Beating the rate rise; IF INTEREST RATES RISE TOMORROW, HOW WILL YOUR FAMILY COPE? ;MONEY MAIL.

Byline: JUSTIN HARPER

Beating the rate rise

MORTGAGES will soon get more expensive if - as expected - the Bank of England raises interest rates tomorrow. The full impact will be felt by the million-plus borrowers who are not on any special deal. Here, JUSTIN HARPER shows how to save thousands of pounds on your mortgage even if interest rates rise.

THE BASICS

MOST lenders offer special deals to new borrowers. But once that deal ends, you'll slip on to what is known as their standard variable rate (SVR).

This generally moves up and down as the Bank of England moves base rates - but not necessarily by the same amount.

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