Mortgage borrowers need to bear future interest rate rises in mind to help them better cope with an increase in repayments.
Interest rates will return to normal and homeowners should prepare for their mortgage payment to rise according to a Bank of England staff member.
Householders have been warned to prepare for a tenfold rise to the record low 0.5% interest rate by a member of the Monetary Policy Committee.
Paul Fisher said that interest rates will have to go back up to the standard position of around 5%.
He told The Daily Telegraph that the MPC hopes that "people are aware that interest rates at some point will go up again and that they will head back to a normalised position. What [the committee needs] to do is to trigger the mindset in people that that’s where rates will eventually go back to".