Would an exit from the European Union push up UK mortgage rates?

Discussion in 'UK Property' started by Nicholas Wallwork, Apr 15, 2016.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    George Osborne has been accused of intimidating the UK electorate ahead of the much discussed referendum on the U.K.’s membership of the European Union. Today he suggested that it was “likely” that UK mortgage rates would rise in the event of Brexit – a British withdrawal from the European Union. So, is George Osborne being

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  2. nmb

    nmb Well-Known Member

    Personally I think initial confusion in the event of the UK exiting the European Union does have the potential to push interest rates higher in the short term. The medium to long term situation would be very different and take a lot of negotiating with potential trading partners but lets not forget, import figures show that the European Union needs the UK more than the UK needs the European Union.
     
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