• About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy
Spotted News
  • News
  • Politics
  • Entertainment
  • Opinion
  • Lottery
  • More
    • Gaming
    • Videos
    • Property
    • Business
    • Sport
    • Animals & Wildlife
No Result
View All Result
Spotted News
No Result
View All Result

Home » News » Mortgage crisis: Telegraph case study raises interest and blood pressure rates

Mortgage crisis: Telegraph case study raises interest and blood pressure rates

"If he just stopped going to Pret for his lunch and gave up Netflix, he'd be absolutely fine."

Politics Reporter by Politics Reporter
June 19, 2023
in Business, News, Politics, Property
ADVERTISEMENT
Share on FacebookShare on Twitter

As CNBC report today U.K. borrowers are facing a mortgage crisis that could damage the economy as rising housing costs hit deal renewals and the number of products available shrinks.

Martin Stewart, director of mortgage advisory London Money said: “The market is dysfunctional and arguably broken. We have seen evidence where advisers are in queues alongside 2,000 others all trying to secure something that might not actually exist by the time they get to the front of the queue.”

Speaking to BBC Radio 4’s Today show, HSBC boss Ian Stuart said his bank believes “rates will probably increase a little bit more and will probably stay a little bit higher for longer” – and will not start to fall significantly “until inflation is much lower than it is today”.

ADVERTISEMENT

Housing Secretary Michael Gove stressed that, although options were under review, he believed subsidies for home loans would only add to inflation and damage the economy.

You might also like

Zarah Sultana reacts to Tom Felton’s J.K. Rowling comments

Zarah Sultana reacts to Tom Felton’s J.K. Rowling comments

June 9, 2025
Australian reporter shot with rubber bullet while covering anti-Ice protests in Los Angeles.

Watch: TV reporter shot with rubber bullets at LA protests

June 9, 2025

He told the BBC: ‘If you spend public money in order to deal with particular crises, you are inevitably adding to the stock of debt and if you add to the stock of debt, that puts pressure on interest rates.’

Mortgage crisis

So our insane property market problems have made is across the pond but how are the papers in the UK responding?

ADVERTISEMENT

Well, the Telegraph’s case study is really so far beyond anyone normal’s issues that it is comical.

One Twitter user picked up on it and it got people chatting.

Somehow the Telegraph has managed to illustrate a real issue with the least relatable case study imaginable, in every possible way. pic.twitter.com/ats9szT0UJ

— Tom Hamilton (@thhamilton) June 18, 2023

Reactions

1.

ADVERTISEMENT

I actually didn't think it could be as bad as you were suggesting but it was so much worse.

— Rob Davies (@ByRobDavies) June 18, 2023

2.

I wonder if @Conservatives and @RishiSunak see case studies like this, they might start to care a bit more about the #mortgage crisis. Look, it’s even affecting your fantastically rich friends! https://t.co/oqaI8iWCtf

— Rufus Wright (@rufusgwright) June 19, 2023

3.

tiny but extremely expensive violin https://t.co/g83wmoNDo6

— Anand Madhvani (@dosima_org) June 18, 2023

4.

Weep for Fraser, his wife and their £20,000-per-year private school children.

Is there a crowd funder for Fraser that I can contribute towards…?https://t.co/urxXw2ognL

— Flims Radar (@FlimsRadar) June 18, 2023

5.

If he just stopped going to Pret for his lunch and gave up Netflix, he'd be absolutely fine

— Owen Warne (@OwenWarne) June 18, 2023

6.

WILL NO-ONE THINK OF THE MILLIONAIRES?

— Joanne Harris (@Joannechocolat) June 18, 2023

7.

Ah yes, just your standard middle class family with a very normal middle class £5,250,000 mortgage

— George Dibb (@GeorgeDibb) June 18, 2023

8.

Not a bad idea?

Perhaps they could save some money by canceling their Telegraph subscription.

— Robin Bradshaw (@en4rab) June 18, 2023

Related: Watch: Why is shocking govt report getting little coverage?

Tags: Mortgage crisis
Politics Reporter

Politics Reporter

Latest Posts

Zarah Sultana reacts to Tom Felton’s J.K. Rowling comments
News

Zarah Sultana reacts to Tom Felton’s J.K. Rowling comments

by Nato Zondagh
June 9, 2025
Australian reporter shot with rubber bullet while covering anti-Ice protests in Los Angeles.
News

Watch: TV reporter shot with rubber bullets at LA protests

by Nato Zondagh
June 9, 2025
Musk accused Trump of hiding in the “Epstein files”.
News

Musk deletes X posts about Trump & Epstein – backed-up reactions

by Joe Connor
June 9, 2025
Trump lashes out at journalist—tells him to “get a real job” live on air
News

As LA erupts Trump’s ban on masks has been pulled apart

by Nato Zondagh
June 9, 2025
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy

© spottednews.com All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Opinion
  • Entertainment
  • More
    • Gaming
    • Sport
    • Animals & Wildlife
    • Property
    • Business
    • Videos
  • Privacy Policy
  • Terms of Service
  • About Us
  • Contact Us

© spottednews.com All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Opinion
  • Entertainment
  • More
    • Gaming
    • Sport
    • Animals & Wildlife
    • Property
    • Business
    • Videos
  • Privacy Policy
  • Terms of Service
  • About Us
  • Contact Us

© spottednews.com All Rights Reserved.