Housing market could face collapse if base rate rise hits buyer confidence
by Patrick Collinson from on (#EJ91)
Estate agents could face a drop in the confidence that is keeping house prices high, as an increase in base rate will drive up mortgage costs
Homebuyers can wave goodbye to mortgages at just 0.99%. Savers can say hello to better rates for the first time in seven years. Investors will wobble as bond funds dive. But it is estate agents who have most to fear.
Related: Interest rate rise set for new year, warns Bank of England governor
Continue reading...