- Must stay vigilant on household debt levels even as household assets rising more quickly than debt
As we’ve been discussing in the comments, following the BOE Q1 credit report, there’s not enough being done to warn people about what it may cost them in mortgage payments when rates go up. With the news that more and more banks are raising LTV levels there’s going to be a fair few people slammed in the pocket when they start hiking rates. They want rates up to around 3-3.5% over the next few years and that’s going to bite many in the arse.
