Anna Clare Harper talked about the impact of changing mortgage rates on GB News breakfast show (very early!) on Sunday.
This is a huge and important topic. Some key points we covered include:
– For c. 2 million households, housing costs are increasing by 2-3 x. This has enormous impacts on people’s well-being and ability to pay their way, as well as consumer spending which is an important component of economic growth.
– The impacts of short term volatility for renters, homeowners and house prices, since mortgage costs directly affect what people are willing and able to buy and sell for.
– How investors we work with are seeing a long term opportunity in improving the energy efficiency and quality of existing homes – essential as 98% of the homes we use in 5 years time already exist.
Watch the video down below: