TPP539: July Market Update
The Property Podcast
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The Future of Mortgages
The average five year fix has now gone above 6%. That's the same level as it was at back in October. The expectation is that the Bank of England will keep base rates higher for longer. Jeremy Hunt has been off to see mortgage lenders. And they've agreed to a whole series of measures around delaying repossessions, allowing people to extend terms and switch to interest only. So where to from here? Of course, no one really knows. But we'll be talking about it more next week.
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