than a decent mortgage deal at the moment is some level of certainty about what comes next. take your 25 year mortgage. michelle has worked in the mortgage industry for more than 20 years. she says she s never seen anything like the current situation. there s a lot of rolls royce workers around here, you know, a lot of nurses, teachers, you know, nhs workers. they re the ones that we deal with. and 2.a children families, you know, a lot of what you would consider to be safe, you know, above the breadline, whereas i don t think these people are any more. in these uncertain times, many are bracing themselves for what the next few months may hold. navteonhal, bbc news, derby. 0ur economics editor faisal islam joins us from the bank of england. this rate rise widely anticipated. the question is how much
products have been withdrawn from the market more than 900 as of wednesday as lenders grapple with the prospect of rising interest rates. brokers say that if someone already has a mortgage deal agreed then it will be honoured. our business editor simonjack reports. barney is hoping to sell his one bedroom flat and move into a new place with his girlfriend. but the rapidly changing mortgage market is giving him sleepless nights, worrying his plans may fall through. i will most likely move back in with my parents just to wait for the market to settle down, see how interest rates change, see how the market the housing market itself changes, as well. obviously, i m concerned about how much i can borrow and what that s going to be able to afford me, moving on. barney s fear is that his moving ambitions will be scuppered by this market turmoil, and experts say that while whole chains may not collapse, many new buyers and
anybody trying to renegotiate a mortgage deal at the moment will tell you what a nightmare it is, how much of their cake will be cut by it. ithink much of their cake will be cut by it. i think we have to really talk about how unusual this is. the credibility of and the confidence in our government s handling of the economy is under question globally. the imf has said this could impact the global economy if things remained unstable and uncertain in the uk. to have your knuckles rapped like that as one of the world s biggest economies is worrying and frankly pretty embarrassing. thank ou ve frankly pretty embarrassing. thank you very much frankly pretty embarrassing. thank you very much indeed. you very much indeed. we will talk about this more this morning, about what it will mean for everybody watching. pressure is mounting on the government, with more criticism bing poured on its tax cut plans. 0ur political correspondent nick eardley is in liverpool this morning. at the labour pa
market, more than 900 overnight, as lenders grapple with the prospect of rising interest rates. brokers say that if someone already has a mortgage deal agreed, then it will be honoured. our business editor simonjack reports. barney is hoping to sell his one bedroom flat and move into a new place with his girlfriend, but the rapidly changing mortgage market is giving him sleepless nights, worrying his plans may fall through. i will most likely move back in with my parents just to wait for the market to settle down. we will see how interest rates change, see how the housing market itself changes as well. obviously i m concerned about how much i can borrow and what that s going to be able to afford me, moving on. barney s fear is that his moving ambitions will be scuppered by this market turmoil and while experts say
mental health hospitals, bbc panorama reveals. and millions of people are bracing for life threatening storms, winds and floods, as hurricane ian hits florida. officials have said two things that they know officials have said two things that they know for officials have said two things that they know for certain officials have said two things that they know for certain officials have said two things that they know for certain it - officials have said two things that they know for certain it will- officials have said two things that they know for certain it will be i they know for certain it will be historic they know for certain it will be historic and they know for certain it will be historic and it they know for certain it will be historic and it will they know for certain it will be historic and it will be historic and it will be life threatening. - a record number of mortgage products have been withdrawn from the market more than 900 overnight