Literally going to cripple people this. I spoke to a few lads in work today and asked them when their fixed rate mortgages are ending. All sometime next year and all oblivious to what is occurring with the pound/BOE interest rates.
When the housing market crashes, people can’t afford to pay their new rate of mortgage and then can’t sell their house due to a market crash it equals repossession of homes and rich people buying property on the cheap. Absolute sickening how bad this is about to get.