in

Mass UK house repossessions unlikely despite soaring mortgage rates

Mass UK house repossessions unlikely despite soaring mortgage rates

Britain’s beleaguered mortgage borrowers are likely to escape the scale of home repossessions suffered in previous economic crises because of higher levels of housing equity and regulatory pressure on lenders, say market experts. 

With 1.4mn households set to roll off their fixed rate mortgages over the course of 2023 — most taken out two or five years ago at much lower rates than today’s — the pressure of meeting soaring…


Posted by Editor

Kante leaves Chelsea, joins Benzema at Al Ittihad

World Refugee Day: UN calls for solidarity and inclusion amid record displacement

World Refugee Day: UN calls for solidarity and inclusion amid record displacement