Several UK lenders have withdrawn some of their mortgage deals, because of uncertainty after last week's mini budget.
The Bank of England says it won't hesitate to raise interest rates to prop up the value of the pound, which fell at one point on Monday to a record low against the dollar.
Property Economist at Capital Economics, Andrew Wishart, says predictions of UK interest rates going up to 6% would be devastating for homeowners.
IN: "If you...
OUT: ...really."
DUR: 25 seconds
http://www.fsnradionews.com/feeds/0927rates-wishart1.mp3
The Bank of England says it won't hesitate to raise interest rates to prop up the value of the pound, which fell at one point on Monday to a record low against the dollar.
Property Economist at Capital Economics, Andrew Wishart, says predictions of UK interest rates going up to 6% would be devastating for homeowners.
IN: "If you...
OUT: ...really."
DUR: 25 seconds
http://www.fsnradionews.com/feeds/0927rates-wishart1.mp3