‘Geopolitical uncertainties’ amid Iran war could slow fall in mortgage rates, says Halifax
by Mark Sweney from World news | The Guardian on (#741W2)
UK house price growth slowed in February as value of typical home rose 0.3% to 301,151
Halifax has warned that the US-Israel war on Iran could slow mortgage rate decreases this year, as it said that house price growth eased dramatically in February.
Halifax, which is part of Lloyds - Britain's biggest mortgage lender - said the conflict in the Middle East was likely to affect global economies, stoke inflation and reduce the likely rate of interest rate cuts that influence borrowing costs for homebuyers.
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