Mike Boles: What's in store for high-value mortgages?
It's been a turbulent few weeks on the lending front: Mike Boles explains what this means for borrowers...
Mike Boles is head of SPF Private Office offering advice on mortgages, insurance and wealth management to high-net-worth individuals and their families around the globe.
Mike Boles: Mortgage rates may be rising but borrowing remains attractive
As the cost of living rises at its fastest rate in 30 years and the Bank of England warns that inflation may hit 8 per cent, possibly higher, it’s unsurprising that interest rates are also edging upwards.
By Mike Boles
BoE raises interest rates to a 13-year high
The Bank of England expects interest rates to climb to around 2.5% by mid-2023.
Mapped: The markets most insulated from rising mortgage costs
Prime property markets are relatively insulated from mortgage rate hikes, says Knight Frank - but transaction numbers are still likely to drop-off in the coming years as the wider housing market cools.
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