Qualified advisers answering your
Financial Questions
call 0800 092 1245

Will problems in Europe affect the UK mortgage market?

As problems in the European money markets continue to grow there is concern that at some point this will impact upon the UK mortgage market and the already fragile funding situation. We have already seen money market rates rise over the last few days and they are more than likely to increase further in the days to come. So what will happen if the UK mortgage market is impacted yet again?

The UK mortgage market is still very difficult to say the least and more problems regarding funding, even though UK base rates are at 0.5%, could tip the sector back into recession. The property market is one of the main areas of the UK economy and will eventually lead the UK to better and more prosperous times. However, it would be near impossible for the UK economy to push too far ahead unless the UK property market is buoyant or at worst growing slowly.

Therefore, all eyes are on the European money markets and with potential military issues in the Far East affecting worldwide stock markets as well, we could be heading for a nightmare scenario. Is the worldwide economy headed for a double dip recession?

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details