There is no way to predict with complete certainty when interest rates will rise as there aren’t any rules about when it can happen. You should be sure that if you’re on a tracker, discount or other variable rate mortgage that you would not be struggling to afford repayments if rates increased by 2%. This is an unlikely rise over a short period but it can happen. An example of this happening would be Black Wednesday back in 1992 where the Chancellor increased rates by 2% in a day and then another 3% shortly after. Although this is an extreme example it is proof that movements in rates are unpredictable. Our expert advisors can inform you on the best option suited to your requirements and how you may be affected by changes in interest rates.