Is Doomsday lurking for UK homeowners?

These included “adverse credit” UK households (these would be called “sub-prime” in the US), first-time buyers and buy-to-let investors. The reason the Bank of England cites these categories is because a large proportion of their income is used to service debt, so if interest rates rise they are most likely to default. These concerns, and worries about the indebtedness of the UK population generally, are beginning to cause concern about the current value of UK houses. Over the last 20 years, and despite a drop in the early 90s, UK house prices have boasted some spectacular appreciation...