After the Bank of England hiked rates by 0.75% to the highest since 2008 last week, our client Ben Woolman of family-run developer Woolbro Group warned that first-time buyers are being dealt “blow after blow”.
Ben, whose’ comment featured in London Evening Standard, Yahoo News, Showhouse, Financial Reporter and Property Notify, said: “Young people will be scrimping and saving to buy their first home amid rising energy bills and rocketing rent prices. Sadly, for many, this will make putting money aside for a deposit each month next to impossible.”
Read how property and city experts are reacting to the news here.
