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1 in 3 borrowers would struggle if rates rose

Posted by: In: Real Estate 11 Nov 2014 Comments: 0 Tags: , , , , , , , , , , ,

One in three mortgage borrowers in the UK would struggle if the Bank of England raised base rates, according to new research from ICM.

The survey, shared with the Guardian, “asked mortgage borrowers how far, on a five-point scale, they agreed that a two-point rise in interest rates would mean that they would “struggle” to pay their mortgage”.

14 per cent of respondents strongly agreed they would, with 18 per cent agreeing, making up a third of borrowers who are worried about their ability to make ends meet.

UK, Personal Finance

Source: The Movechannel


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