MPs Warned Rising Mortgage Rates Will Cause ‘Financial Stress’

MPs Warned Rising Mortgage Rates Will Cause ‘Financial Stress’
Sold and for sale signs seen on Oct. 14, 2014. Andrew Matthews/PA
Lily Zhou
Updated:

While mortgage holders are still managing to cope, more financial stress is expected in the coming months, a committee of MPs heard as mortgage costs hit a 15-year-high.

MPs on the Treasury Committee were also told that there may be a shortage of landlords amid rising costs and housing shortages.