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At Bloomfield Financial our primary aim is to help you make sense of your finances so that you can make the best deciscions possible both now and  in the future.

We have tried to put as much information on this webiste as possible to explain what we can do for you and what it costs as we believe strongly in being transparrent in all things.

If you can't find the information you are looking for then please don't hesitate to give us a call on 0191 406 6453 or drop an email to

John & Dee Bloomfield

Should I get a fixed rate mortgage while rates are low?

Rising Mortgage Rates ImageShould I fix my mortgage rate now while rates are low? It’s a question that I am asked at least a couple of times a week, and not always by clients, but simply by anyone who knows what I do for a living. People have been asking me this question for a few years now.

It is true that UK interest rates are at historic lows and have been at just 0.5% since 2009 which for most people means that mortgage rates are pretty cheap. And being so low it seems likely to most people that when the rates do start to move it will be up.

When I talk to be people about it I find they watch the news and listen to the radio hoping for a hint of when the rates are due to go up. The press speculates about comments made by Mark Carney (governor of the Bank of England) and the public watch for signs of change in the UK economy.

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