Mortgage cost and interest rate rise prediction
Mortgages will start to rise - and keep rising - despite the Bank of England keeping the base rate at 0.5% for three years, said Allister Heath.
The City AM editor said the combination of the eurozone crisis and banks trying to attract savers meant there was a "mortgage time bomb" set to go off.
He warned the days of low mortgages were coming to an end and spoke of a "renormalisation" of interest rates in the UK.
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08 Mar 2012
- From the section UK Politics