Analysis: Spasms in UK mortgage market spell pain for homeowners, economy

LONDON, June 15 (Reuters) – Bedlam in Britain’s 1.5 trillion-pound ($1.9 trillion) mortgage market, fuelled by ructions in money markets, threatens to trigger a renewed slump in housing activity and financial pain for homeowners on a par with the late 1980s. Lenders have repeatedly re-priced and pulled home loan offerings in recent weeks in a […] The post Analysis: Spasms in UK mortgage market spell pain for homeowners, economy appeared first on Mirror News Today.
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