MortgagesMay 10 2024

Property market optimism ‘crushed by relentless rise in rates’

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Property market optimism ‘crushed by relentless rise in rates’
Recovery in buyer demand has mellowed slightly following recent mortgage rate increases (Photo: Gareth Fuller/PA Wire)

Optimism in the property market has been “crushed by the relentless rise in mortgage rates”, according to Hargreaves Lansdown head of personal finance, Sarah Coles.

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