Property News · November 1, 2017

UK interest rate rise would not hit house prices, says Moody's


Ratings agency says property market is resilient despite Brexit uncertainty – but outlook for buy-to-let has got worseThe UK’s property market will take this week’s expected rise in interest rates in its stride, according to ratings agency Moody’s, but it warned that the outlook for the buy-to-let market has worsened significantly.The agency, which along with Standard & Poor’s was widely condemned for awarding triple-A ratings to sub-prime mortgage books before the 2008 financial crisis, said the British property market is more resilient than is widely believed. Continue reading…

Source : theguardian.com
Read more…UK interest rate rise would not hit house prices, says Moody’s

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