Why house prices are forecast to keep falling – even if rates are held: LUNCH MONEY

House prices are forecast to keep falling even if the Bank of England keeps the base rate on hold this week.

We explain why Zoopla’s property experts predict more bad news to come for the housing market and look at what’s happening to mortgage rates on this episode of our new show Lunch Money.

Simon Lambert is joined on today’s show by This is Money’s Lee Boyce and interactive investor’s head of markets, Richard Hunter.

On the agenda alongside property prices: 

  • Why are less borrowers remortgaging after rates have soared?
  • Will the Bank of England raise the base rate this week or hold again?
  • Are savers about to see the last of 6 per cent-plus savings rates?
  • Are banks cashing in on higher rates?
  • Why has BP’s latest update sent its share price sinking? 

Lunch Money, produced in partnership with interactive investor, features the personal finance and business news that you need to know about, every Tuesday and Thursday lunchtime.

You can also watch Lunch Money on This is Money’s YouTube channel. 

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