The Monetary Policy Committee (MPC) is the rate-setting organisation for the Bank of England.
Every three months it releases a report that tracks the progress of inflation and economic growth, with regard to the effects they will have on society in general.
The latest results hint at troubled times ahead for home-owners, with the rate of inflation set to rise by an annual three percent over the next two years. This will undoubtedly set a trend for an increase in the cost of borrowing, leaving many householders struggling to make repayments.
With house prices rising by an annual average of twenty percent, those wishing to move to larger properties will also be facing the likelihood of higher interest rates, given that the housing market is currently being partially supported by low interest rates. This may make moving a more difficult option for some, than previously expected.
The MPC has also warned that the current bubble in the housing market is potentially ready to burst, leading to the house price: average earnings ratio reaching unsustainable heights.
With these factors in play, the situation can begin to look unmanageable to some...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
