Are we on the verge of a serious mortgage crisis?

Halifax has raised interest on its average mortgage deals to almost 6% as Liz Truss admitted the UK faces ‘tough times’. So how bad could things get? And are we looking at a serious mortgage crisis? Our Business Editor Jonathan Prynn examines how the latest mortgage rate increase will impact the market, and how high rates could get over the next year. In this episode:

• Reaction to Halifax mortgage rates increase
• Are there any signs of the housing market slowing down?
• London’s housing market vs the rest of the country
• Will we see a drop in first-time buyers?
• Are we on the verge of a serious housing market crisis?

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