32% of borrowers overall would find it hard to meet payments with - TopicsExpress

32% of borrowers overall would find it hard to meet payments with a 2 percentage point rise; in the south-east the figure is 39% A third of mortgage borrowers say they will struggle to meet their repayments if interest rates rise by two percentage points, with those in the south-east most concerned about coping with an increase in their monthly loan bills, according to ICM research. On Thursday, the #BankofEngland voted again to keep the base rate on hold at 0.5%, the historic low it has now been at for more than five-and-a-half years. Although it is looking increasingly unlikely that it will approve an increase before next years general election, the governor of the Bank, #MarkCarney, has indicated that at some point rates will have to rise, and that they will continue to do so until they reach around 3%. Continue reading... dlvr.it/7SmNWY

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