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Podcast: Beyond Currency
Episode: 14 March 2023 - SMEs remain cautious despite overall sense of optimism
Description: In another blow to the already fragile UK housing market, concerns are growing that borrowers will be unable to afford their mortgage repayments if interest rates continue to rise.
Although there isn’t a great deal of evidence that households have overleveraged in the manner seen a few years ago when lenders were happy to advance 110% of the value of the security offered, confident that property values would soon catch up, mortgage payments are set to continue to rise with lenders unwilling to allow borrowers to lock-in a fixed rate given the volatility of the market.
The Bank of England is...