| Comment | https://www.bbc.co.uk/news/business-62390578
Piece here about how the housing market is still full-throttle, so the interest rates are to...slow that down. Which seems to me a lot like it'll just get rid of the folk who can just about afford stuff, rather than the loaded folk who are getting multiple properties.
It's quite something in that article that they're like 'boy howdy will it only get worse'. Fun.
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> If the recession many are predicting sees unemployment rise sharply, the property market will invariably take a hit, said Andrew Montlake, managing director of mortgage broker Coreco.
Tally this with the suggestion that they might scrap affordability tests, which is ostensibly (at a very facile level) good if you are having trouble getting on the market, but really not good if you wouldn't pass it originally then come a cropper. |
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