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Podcast: Beyond Currency
Episode: 29 July 2022 - Housing market set to fall
Description: One of the cornerstones of the British economy is set to suffer a significant downturn. The housing market has so far been fairly immune to rising interest rates, but that is about to change as the effect of rising interest rates as well as the cost-of-living crisis combine to make homeowners think again about selling up and moving on.
Lloyds Bank, Britain's largest mortgage lender, has reported that its mortgage book rose by just 1% in the three months to June. The Bank’s Chief Executive reported that if it hadn’t been for clients rushing to lock-in lower rates by mort...