According to experts, interest rates could rise as early as May to coincide with the release of inflation figures
Find a new mortgage deal
The UK has raised rates by a quarter point three times since last summer: in August, November and January.
Avoid the impact of rate rises with a Woolwich Lifetime Tracker Mortgage
Surviving an imminent rise
With a further rate rise still on the cards, those consumers on a tight budget will need to act quickly before more of the current best buy fixed rate deals vanish, said Moneyfacts mortgage analyst Julia Harris.
Compare and buy mortgages
For borrowers who have a mortgage deal that allows them to make underpayments, such as Halifax or Woolwhich, should take advantage of this option and those who have previously made overpayments could take a payment holiday.
Avoid the impact of rate rises with a Woolwich Lifetime Tracker Mortgage
If you are nearing the end of your current mortgage deal, then this is a good time to search for a good deal.
Find a best-buy mortgage
Observers believe that rates could reach 5.75 later in the year, so now is the time to seek out that best-buy fixed rate to protect your delicate financial situation if rates increase.
Cath Hearnden, My Mortgage Direct director, said: The time to fix is when a rate rise is a possibility, not a certainty thats when the best deals can be snapped up.
