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 full interview below:
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