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Money Box

Money Box Live: Mortgage Special

Money Box

BBC

Business

4.2825 Ratings

🗓️ 25 October 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

With changes to the stamp duty threshold, some of the UK’s biggest mortgage lenders halting new home loans, and some economists predicting interest rates could double by spring, what does this all mean for you?

Our panel of experts hear concerns and questions from listeners about the housing market volatility.

Presenter: Felicity Hannah Reporter: Katie Barnfield Producer: Amber Mehmood Editor: Clare Worden

Transcript

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0:00.0

On a winter's night in 1974, a crime took place that would obsess the nation.

0:07.0

It was an extraordinary news story.

0:09.0

The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny,

0:14.0

mistaking her for his wife, then somehow just disappeared.

0:18.0

One of the great mysteries in English criminal history. We're still looking for Lucan.

0:21.6

It's honestly one of the most powerful stories of my lifetime.

0:25.6

I'm Alex von Tundselman.

0:26.6

This is The Lucan Obsession.

0:28.6

Listen on BBC Sounds.

0:32.6

BBC Sounds, music, radio, podcasts.

0:36.6

Welcome to this Moneybox Live podcast, the programme about your money.

0:40.3

It has been quite a week for the housing market and it's only Wednesday.

0:44.4

Santander, HSBC, the post office and a number of other lenders have all stopped offering mortgages to new customers.

0:51.4

And some economists think interest rates could move towards 6%.

0:54.9

That would be more than double where they are at the moment.

0:58.5

Plus, of course, we've had those changes to stamp duty.

1:01.3

So what will they do to property prices?

1:03.9

If you have a lot of questions, then don't worry.

1:06.2

So do I.

1:06.9

So it's a good thing.

1:07.6

We have a pair of experts ready to answer all of them.

1:10.8

Before we meet them, let's go straight to a call.

...

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