Good piece on Osbournes Mortgage price claims here.
here. - http://www.dailymail.co.uk/debate/article-3626663/DOMINIC-LAWSON-Spare-views-petulant-Dalek-plunged-Black-Wednesday.html
In it, he picks up that Osborne has told us house prices will fall. And he has now told us mortgages would rise.
Why do people continue to believe their rubbish?
I don't know why I bother reading that sort of stuff, but it's pretty clear that BOTH can happen. House prices probably would fall, and interest rates probably would increase. The vast, vast majority of the UK population are home-owners. So we would be stung twice over - the value of our homes would go down, and we'd have to pay more for our mortgage. It's pretty basic really, However, if Daily Mail readers want to think differently, that's their look out!