The Bank of England has recently issued a warning that the current base rate will shortly be increasing. Recently the Banks Executive Director of Markets and Monetary Committee member, Paul Fisher, stated that the banks policy makers would like to raise the base rate to around the 5% mark. For anyone who is currently on a variable rate mortgage or who is looking to remortgage then now is the time to move to a fixed or capped rate mortgage to hedge against any such rise and protect their monthly mortgage outgoings. Although a persons current lender may be able to offer a customer their own deals it is also a very wise move to seek out the deals that can be obtained by a mortgage broker who can also tailor make a plan to suit the customer's own set of circumstances.