Director of Benham and Reeves, Marc von Grundherr, commented:
“For the last two years, many buyers have been borrowing beyond their means to offer above the odds and beat other buyers to the punch in what has been an extremely competitive market.
But with increasing mortgage rates adding to the cost of living squeeze, they are no longer acting with the same degree of over-...
The recent changes in the mortgage market, driven by inflation announcements and the recent Bank of England base rate increase to 5%, have sparked concerns among borrowers. While higher interest rates may cause apprehension, especially for those who purchased homes in the last decade, it is crucial to understand the potential impact and explore strategies to navigate this situation. This...
