But Bank of England argues that rising wages and low inflation mean that homeowners could cope with rising interest ratesBritons are weighed down by more mortgage debt than last year,but rising wages and low inflation means they are better placed to manage with a hike in interest rates, a Bank of England study has found.
The average mortgage debt of a British householder has risen to approximately £85000, or compared with £83000 in 2014,after a year of rising house prices and buoyant demand from first-time buyers.
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Source: theguardian.com