Mortgage Rate Increases in South England Lead to Widening North/South Divide: Zoopla Analysis
The North/South divide in England has been a long-standing issue, and one that has been exacerbated by the recent increase in mortgage rates in South England. According to a recent analysis conducted by Zoopla, the average mortgage rate in South England is now 1.5% higher than in the North, leading to a widening of the economic gap between the two regions.The analysis found that the average mortgage rate in South England is now 4.2%, compared to 2.7% in the North. This is a significant difference, and one that could have a major impact on the economic prospects of those living in the South. The higher mortgage rates mean that those living in the South will have to pay more for their homes, making it more difficult for them to purchase a property. This could lead to an increase in homelessn...