Banks are raising rates following the new key rate. Many people wonder what will change for borrowers who already have a mortgage? The key rate directly affects the terms of new loans. Except for subsidized programs, banks always set rates higher than the cost of borrowed money. Rates on existing mortgage agreements cannot be changed; this is a legal requirement for all banks in our country. Due to these events, we sought advice in advance from Mortgage Advisor in Derby to do everything right. The best experts here will find an approach to any case.