Topics: UK homeowners

In recent months, there has been a noticeable increase in the number of homeowners in the UK who are compelled to sell their properties due to the soaring mortgage rates.

In recent months, there has been a noticeable increase in the number of homeowners in the UK who are compelled to sell their properties due to the soaring mortgage rates.

Economist at NIESR, Mr. Max Mosley, warned that “a rise in interest rates to the 5% threshold will push millions of households with home loans to the brink of insolvency. None of the lenders have predicted that households can weather such shocks, and the government has said the same thing.”

Economist at NIESR, Mr. Max Mosley, warned that “a rise in interest rates to the 5% threshold will push millions of households with home loans to the brink of insolvency. None of the lenders have predicted that households can weather such shocks, and the government has said the same thing.”