Higher Mortgage Rates "sucking life out of the housing market"

Dariusz Karpowicz, director at Albion Financial Advice, bemoans the quality of debate in the election campaign. “It seems like the topic [of housing] is taking a backseat to discussions about potholes and whether Sky TV is affordable. Uncertainty always has a negative effect on markets. This mid-election campaign rate hike indicates that lenders are bracing for potential economic shifts and instability. Borrowers are caught in the crossfire of political and economic uncertainty, making it crucial to stay informed and agile in managing their mortgage decisions. Let’s hope for some clarity and positive movement in the coming weeks to steady the market.”