Firstly, if a landlord faces higher mortgage costs, they may want to put up the rent.
If a renter is an aspiring first-time buyer then securing a first mortgage is getting more expensive, so they may be renting for longer than planned.The long-established theory is that raising interest rates makes it less attractive for consumers to borrow and spend money, and more attractive to save.With inflation running at five times the target of 2% and set to accelerate, the Bank of England is expected to raise rates sharply.
The first is that mortgage rates had been at a very low level for a decade, but are now rising quickly. That is a shock and, for many borrowers, one they have never experienced before. How will interest rates affect the housing market and is the UK is on the verge of a recession?- NickUK may already be in recession - Bank of England
Tbh is it even worth it anymore
Some of the people you had on earlier were throwing around some wrong and bad information. Really poor scaremongering from BBC to allow that to air!!
In 2 years you could easily find yourself in massive negative equity and catching 10% interest rates... So good luck.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CEO Secrets News - BBC NewsMeet the London banker who swapped finances for fighting:
Source: BBCLondonNews - 🏆 115. / 51 Read more »
Chancellor's plan is the right one despite turmoil, government says - BBC NewsGovernment departments to be told to 'identify spending efficiencies', Whitehall source says, as pressure mounts over economic impact of mini-budget Not New Labour, more New Conservative... Thatcherites feeling safe in Labour would not be a good sign Oooh here’s the BBC trying to sow division when the tories are having a bad day
Source: BBCNews - 🏆 3. / 97 Read more »
Pound falls further after Bank of England's emergency move - BBC News“He was saying: ‘Thatcherites are safe to come home to the Labour Party’” Tony Blair’s former political advisor John McTernan says Keir Starmer has set out Labour as the party of economic competence Newsnight FisherAndrew79 Yeah, bread and butter issues. it is your trashy, degenerate feral positions they reject... JoeOTooIe FisherAndrew79 the centre ground is always fluid, but actually doesn't shift far. It's the equivalent of liquefaction, i.e. somewhere you don't want to be. So political parties need to win over the centre ground whilst actually not being there themselves. FisherAndrew79 As a fearless investigative journalists who abhor racism, you should see this shocking new doc on Aljezzerra that exposes Keir Starmer’s Labour’s racism & how they manufactured countless antisemitism smears! LabourFiles
Source: BBCNewsnight - 🏆 109. / 51 Read more »
Amol Rajan challenges BBC to end dominance of 'posh' newsreadersBBC Today programme presenter Amol Rajan said that 70 per cent of newsreaders across the BBC, ITV, Channel 4 and Sky News speak with 'posh' Received Pronunciation He's right it does my head in.. I want em speaking in a broad Yorkshire accent If its 70% then he's including a fair number that simply do not speak 'posh' but don't have a particular accent. Good. Rajan should try to learn the Queen's English.
Source: i newspaper - 🏆 8. / 89 Read more »
Newscast - Loud and Keir? - BBC Sounds💬 Starmer sets out his pitch to be PM 🎤 Glasgow and Liverpool vie for Eurovision prize 🚀 Why NASA crashed a spacecraft into an asteroid Hear more on the latest BBCNewscast adamfleming NASA crashing something into an asteroid is rather tame, they need to follow plutonium rock Disaster Area (lead singer Hotblack Desiato) and crash into a star. And if you don't get the reference, you should never appear on Radio 4 again!
Source: BBCNews - 🏆 3. / 97 Read more »