Will UK base rate rise stall the UK property market?

Discussion in 'Property Market News and Trends' started by Longterminvestor, Aug 7, 2018.

  1. Longterminvestor

    Longterminvestor Active Member

    Many were surprised that the Bank of England increased base rates especially in light of ongoing Brexit negotiations. However, do you believe it will have any impact on the UK property market? Will those who stretched their finances to the limit when interest rates were at historic lows now start to struggle - especially with limited wage growth expect?
     
  2. diyhelp

    diyhelp Member

    Lets be honest, an increase from 0.5% to 0.75 is nothing in the scheme of things. However, it does indicate that the interest rate cycle has turned and it looks like more rises to follow - assuming no hiccups with Brexit.
     
  3. Longterminvestor

    Longterminvestor Active Member

    Fair point, it is more the idea that the trend has turned as opposed to any actual damage an increase from 0.5% to 0.75% would have on the finances of a mortgage holder.
     
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