Is There A Cloud Over The Property Market?

Some feel their are some dark clouds gathering over the property market. This means that lenders aren’t helping homeowners. The standard variable rate mortgage hikes are arriving at the same time as a crackdown on interest-only lending.

The former means existing homeowners paying their lenders’ revert to rate are seeing monthly payments rise, while the latter spells the end of a cut-price route to buying or home ownership and will leave many existing owners feeling they cannot afford to move.

A number of mortgage industry doom and gloom experts are suggesting that this mortgage squeeze is the biggest threat to the property market as it’s arrived at a time when confidence was being restored.