Why Mortgages and Interest Rates Are a Hot UK Election Issue

With Britain expecting a general election later this year, the ruling Conservatives and Labour opposition are drawing up rival plans to help a key demographic: aspiring homeowners. An affordability crisis caused by decades of underinvestment in housing is being compounded by persistently high interest rates, which are jacking up costs for borrowers when they remortgage their properties. Housing costs were inflated partly by economic mismanagement under former premier Liz Truss, and the Conservat

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