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Daily Mirror
Daily Mirror
Business
Levi Winchester

Will house prices crash next year? We ask the experts as mortgage rates surge

The property market was thrown into chaos after Chancellor Kwasi Kwarteng delivered his Mini-Budget last month - with mortgage rates rocketing as a result.

Lenders were spooked after analysts predicted that interest rates will rise to 6%, off the back of the pound falling to an all-time low against the US dollar.

More than 1,000 mortgage deals were pulled from the market as a result - with many now returning at a much higher rate.

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