by Boo_Randy
More than TWO MILLION households face sharp rise in mortgage repayments over two years sparking warnings of 15% fall in house prices as lenders pull nearly 1,000 deals in 24 hours – the highest ever daily fall – amid fears interest rates are heading to 6%
Britain is heading for a property price crash within the next two years as more than two million households face soaring mortgage costs that will see many forced to sell, analysts have warned.
Experts at Credit Suisse said a perfect storm of higher interest rates, inflation and the risk of recession could see house prices plunge by between 10 and 15 per cent.
“UK corporate bonds headed for biggest monthly selloff since 1990s”
BofE steps in to head off ‘material risk to UK financial stability’ amid markets chaos: Bank announces it will buy long-term government debt after interest rates soar and Pound plunges – sparking fears pension funds were struggling to cope
More extend-and-pretend from the Keynesian fraudsters at the BoE. These asshats are only making the inevitable financial reckoning day that much worse when it finally arrives. Got silver? Got gold?
The Bank of England today dramatically declared it will buy long-term government debt in a bid to ease market chaos threatening to cause a financial meltdown.
In a highly unusual move, Threadneedle Street said it will step in after the ‘significant repricing of UK and global financial assets’ since Kwasi Kwarteng’s tax-cutting Budget.