An estate agent’s sign outside a sold property in Holmfirth on September 29. The fall in the value of the pound has resulted in banks withdrawing mortgage deals, with interest rates expected to rise further. Photo: EPA-EFE
An estate agent’s sign outside a sold property in Holmfirth on September 29. The fall in the value of the pound has resulted in banks withdrawing mortgage deals, with interest rates expected to rise further. Photo: EPA-EFE
Britain

Rising rates, topsy-turvy pound hurt Hong Kong BN(O) migrants’ path to home ownership in Britain

  • Interest rates could top 5.75 per cent in Britain next year, according to analysts
  • Pound fell to a half-century low against the dollar on September 26, but has recovered much of its losses

An estate agent’s sign outside a sold property in Holmfirth on September 29. The fall in the value of the pound has resulted in banks withdrawing mortgage deals, with interest rates expected to rise further. Photo: EPA-EFE
An estate agent’s sign outside a sold property in Holmfirth on September 29. The fall in the value of the pound has resulted in banks withdrawing mortgage deals, with interest rates expected to rise further. Photo: EPA-EFE
READ FULL ARTICLE