Summer Rate Hikes Threaten to Push UK Housing Market to Breaking Point

Inflation and the BOE are increasing strains on the market

The UK housing market is facing new hurdles after being rocked by the worst cost-of-living crisis in a generation, economic uncertainty and soaring borrowing costs.

The pressure is building fast amid a fresh jump in mortgage rates and a rush by lenders to pull products as bond yields rise to levels last seen in 2008. On Wednesday, HSBC Holdings Plc announced a second mortgage price hike in a week. That’s setting up borrowers and homebuyers for a nerve-racking summer where interest rates keep rising, loans get more expensive and good deals become harder to find.


Read More : Bloomberg