Fintech Insider Podcast by 11:FS cover image

668. News: UK mortgage market in meltdown

Fintech Insider Podcast by 11:FS

00:00

Why Is the Mortgage Market So Shattered Up Right Now?

UK mortgage lenders have halted some deals after the pound falls. The central bank, the Bank of England, said on Monday would not hesitate to hike interest rates. There are also concerns that borrowers will rush to secure mortgages at favorable rates before interest rates rise. And if rates do jump, that homeowners will not be able to afford higher repayments.

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