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Mortgage mayhem sparks fears of a housing market crash in Britain

Mortgage mayhem sparks fears of a housing market crash in Britain

U.K. mortgage rates have skyrocketed since Finance Minister Kwasi Kwarteng’s mini-budget on Sept. 23, prompting banks to pull mortgage products threatening a deepen an expected housing market downturn.

Dan Kitwood | Getty Images

LONDON — There are growing fears of a housing market crash in the U.K., after a swathe of tax cuts announced by the government sent interest rate expectations soaring, driving up lending rates for homebuyers.

Finance…


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