Selling your home can be a daunting process and with rising interest rates rocking the property sector in 2022, it could be about to get a lot more difficult.
The mortgage market was tanked by former Chancellor Kwasi Kwarteng and his disastrous mini-Budget in September 2022. The fallout included some banks pulling products from the market and monthly mortgage repayments rocketing for millions of households.
House prices fell at their sharpest rate in October and are expected to continue to slump through to next year. While a drop in price could bring buyers to your front door, rising mortgage rates add a complexity to the situation.
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