Interest rate rise would 'hit young homeowners harder'

Younger homeowners would be hit hardest by a rise in interest rates, according to a study from the HomeOwners Alliance and conveyancing provider Myhomemove,

  • Nearly half of homeowners aged between 25 and 34-years-old said a rise in interest rates would put them in a tricky financial position.
  • Just under a quarter of those over the age of 55 said the rise would hurt them financially.

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Third of homeowners 'fear interest rate rise'

Some 34% of homeowners are worried about what would happen to their finances if interest rates were raised from 0.5%, new research has revealed. The HomeOwners Alliance found some people would be forced to sell in interest rates rose.