Mortgage rates: ‘If we can’t afford higher payments, we lose our home’
Some economists predict the Bank of England will raise the interest rate to as much as 5.8% by next spring. …
Sales assistant Robin Price, who is on the minimum wage, has been saving up his mortgage deposit for years and thanks to that and an inheritance, is now ready to buy. But with the threat of a sharp rise in interest rates looming, he says he now feels completely lost.
About The Author
