I was reading something just the other day about how by the end of the year it is likely that interest rates will have gone up to 5%, because we have a very serious problem with stealth-inflation seriously outstripping government targets. (Due to Quantitative Easing.)
Which will obviously hit people with mortages, who have had it incredibly easy the last 7 or 8 years with these record low interest rates we've had. And probably be the thing that drives the correction in house prices.
I'd guess the housing minister maybe wants to try and get ahead of the curve on this one...
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Which will obviously hit people with mortages, who have had it incredibly easy the last 7 or 8 years with these record low interest rates we've had. And probably be the thing that drives the correction in house prices.
I'd guess the housing minister maybe wants to try and get ahead of the curve on this one...