Rates are rising. Why some homeowners could be better off breaking their fixed mortgage

With interest rates climbing, breaking your fixed mortgage could be a financially savvy move. April Hastilow of Factor Financial advises homeowners to do the maths, as switching lenders may prove beneficial.

Despite potential break fees, attractive cashback offers from competing banks can offset costs and leave you better off. It's also worth checking if you can make extra repayments on your current fixed loan without penalty. Before refixing, complete a full mortgage "health check" to ensure you have the best deal.