🔴 UK could see more house repossessions if interest rates hikes continue, experts warn
if interest rates continue to rise at a steady pace after it was revealed the base rate has been increased by another 0.5 per cent, bringing it to 2.25 per cent., soaring energy and food bills as well as close to double-digit inflation is pushing up interest rates, leading to more homeowners left being unable to pay their mortgage.takes ownership of a property, have already risen substantially this year.
However, it is important to note the figures are somewhat skewed by the pandemic as restrictions on bailiff enforcement were put in place but ended on 31 May 2021. They are now working to reduce backlogs. Karen Noye, mortgage expert at Quilter, said the quicker the base rate increases, the more likely there can be an increase in homes being taken over.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bank of England lifts interest rates by 0.5 percentage points\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Weiterlesen »
US interest rates see third 0.75 percentage point rise to tackle inflationAmerica continues its aggressive monetary tightening campaign to tackle inflation driving cost of living concerns. Economic hardship is likely to result but the central bank hopes that acting now will ensure a softer landing rather than a protracted recession.
Weiterlesen »
As America raises rates, the rest of the world bears the painThe Federal Reserve’s latest lift offers little help for the global economy
Weiterlesen »
Liz Truss can’t control rising mortgage rates, but she will take the blameLiz Truss’s new government and the monarchy under King Charles III will be faced with a raft of social and economic problems. 🏠 The cost of housing is, as ever, at the centre of it all. 📨 Read Victoria_Spratt's newsletter here ⤵️
Weiterlesen »
US central bank raises rates in ‘aggressive’ fight to stamp out soaring pricesUS bank chief says: 'We have got to get inflation behind us. I wish there was painless way to do that. There isn't'
Weiterlesen »