Higher interest rates make it harder to buy property, which in turn will lead to reduced demand and lower house prices, analysis by KIS Finance has found. Anyone currently looking for a mortgage will have been unpleasantly surprised by the massive increase in the cost of borrowing over the last few months. Whilst the Bank of England base Rate rose from 0.1% in November last year to its current level of 2.25%, the cost of mortgage products has risen far more sharply, […]

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