Mortgage rates

The percentage of salary by first time buyers is the highest for 15 years. It also doesn't include the last base rate increase. This problem with affordibility is likely to grow further with BOE warning of rates hitting 6%.

Buy to Let Bureacracy

It is being proposed that all rented property be altered to allow disabled access if the tenant asks for it.

I am not aware who will have to pay for it but its an extra burden for landlords squeezed by rising interest rates

Mortgage rates

Around a million borrowers could see a surge in mortgage payments in the next few months as fixed rate deals end. In the summer of 2005 2 year fixed rates hit as low as 4.25% but are now around 6%. (If the borrower doesn’t shop around the rates are even worse.) On an interest only mortgage that is an increase of over 40% on the monthly payments.

For buy to let landlords a number will now have to pay out more on their mortgage than they will receive from their rent.

Not good news for the property market.