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We need to solve the mortgage problem before interest rates rise

Whittaker, Matthew (2014) We need to solve the mortgage problem before interest rates rise. British Politics and Policy at LSE (23 May 2014). Website.

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Abstract

With a Bank of England rate rise expected next year, many UK households with mortgages may face unaffordable repayment schedules. In a new report, Matthew Whittaker estimates that around 2.3 million households will be spending more than a third of their disposable income on mortgage repayments if interest rates move as expected. Of these, around 770,000 may be unable to cope, becoming ‘mortgage prisoners’.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/politicsandpolicy
Additional Information: © 2014 The Author(s) CC BY-NC-ND 3.0; Online
Divisions: LSE
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
J Political Science > JF Political institutions (General)
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
Sets: Collections > British Politics and Policy at LSE
Date Deposited: 24 Apr 2017 14:12
Last Modified: 19 Nov 2019 19:49
URI: http://eprints.lse.ac.uk/id/eprint/74280

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