Experts are concerned that more home owners are going to feel the pinch of their mortgage United Kingdom as the cost of living continues to rise. Consumers are finding it much more difficult to stretch their money and as many mortgages United Kingdom convert to variable rates this year, the problem may get even worse. For those attempting to get a refinance on their mortgage United Kingdom, they are finding that banks are not willing to offer them a deal. Couple this with shrinking property values and you certainly have a recipe for disaster that could affect the mortgage United Kingdom industry for years to come.’Declining consumer confidence and a general reassessment of households’ income situation are potential risks for the U.K. economy’s medium-term growth potential. On the other hand, employment rates remain high thanks to significant labour market reforms and wage moderation,’ said Alexander Kockerbeck, a Moody’s vice-president and author of the report.’The large public infrastructure investment has resulted in the budget being in deficit since 2002, which has reduced the U.K. government’s fiscal flexibility, limiting the room for the automatic stabilisers to work without jeopardising the achievement of medium-term fiscal targets,’ Kockerbeck added.
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