Property industry reacts to interest rate rise
The Bank of England has announced that it has raised interest rates by 0.25% to 0.75% – the highest level since March 2009.
The move, widely expected by economists, is only the second time in a decade that rates have moved upwards and will affect around 3.5m households who have variable or tracker rate mortgages.
As ever, the property industry was quick to react. Here’s what they’re saying, at Property Reporter.