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Britain’s caught between a mortgage shock and a rising prices hard place

by bourbiza mohamed May 26, 2023, 10:05 pm 400 Views

JUST when you thought it was safe to get back in the mortgage market, a fresh shock has hit like a wave.

The bond markets are chaotic, Britain’s borrowing costs have surged and lenders are hiking their rates again, with a rise of up to 0.45 percentage points from Nationwide, the country’s biggest building society.

Just when you thought it was safe to get back in the mortgage market

Under Truss, it was the PM and Chancellor who made investors afraid with unfunded tax cuts, this time it's the Bank of England and hapless Governor Andrew Bailey — Under Truss, it was the PM and Chancellor who made investors afraid with unfunded tax cuts, this time it’s the Bank of England and hapless Governor Andrew BaileyCredit: EPA

So what’s going on? And whose…