UK mortgages: Could we see 6% rates in 2023?
Why some lenders are withdrawing mortgage deals
The Standard · Rachelle Abbott
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Show Notes
Why have some lenders withdrawn mortgages? Will interest rates hit 6%? What to do if you’re a first-time buyer. Our Deputy Political Editor David Bond discusses why some mortgage deals have been pulled, and why Labour are calling this latest development the 'tip of the iceberg' for the economy. And Sam Richardson, Deputy Editor of Which? shares tips for worried first-time buyers and home-owners. In this episode:
- Why have Virgin, Skipton Building Society and Halifax withdrawn mortgages?
- How could interest rates reach 6% next year?
- Would the government support homeowners who can’t pay their mortgage?
- Should you look at cheaper properties in prep for interest rate rises?
- Is overpaying now a good idea?
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