No it wont, the rise will only be miniscule...likley be another 25 basis points; but as I said most of the Mortgages we have are fixed rate so no one will notice the diff...until the fixed rate comes to an end.

The BoE simply wouldn't risk a rate rise that would see 1,000's defaulting on their mortgages. They're now in a situation where (as I said before) they have to start weening the public off of low rates in order to allow economy the time to adjust accordingly without creating any seismic shocks.

So i cant see it 'murdering london property prices' anytime soon tbh.

The current housing cycle is only half through it's life (reckoned to be on avg 18yrs from past data) ...it was predicted that a slowdon will occur these last 12months before then a small dip and then another rise before it becomes another bubble and bursts.

Interest rate rise WILL have an effect; but not a great one unless they hit >6% from my perspective as most landlords (well the sensible ones) are building stress factoring into their figures before buying property anyhoo....

I wouldn't worry...they'll be 3% soon enough but to raise them to 3% in one go would be suicide....slowly slowly...people need to be weened off of these low low rates

The problem is this. 2m households have joined the housing market since the BOE rate was 0.25% and they have budgeted accordingly. A lot of people could be in trouble if the rates go up too much.

Yes, they should have budgeted better, to take account of rate rises, but that's were we are.

Carney said the rate would be 1% by 2020

Even though it affects me I think it's a good thing especially if it brings property prices down. They say less people are buying property as they cannot afford so eventually, you would think, with shrinking demand and rate rises, a property crash is around the corner.

What should also happen is people applying for mortgages should be able to prove they can make the repayments if the rate was 5%, so borrowers finances are properly stress tested

He'll be gone before then, thankfully. Him even stating that now is daft as they could need to go up quicker or be held for longer if anything changes.

It might affect property prices across the country as a whole, but not in London and certainly not a "crash".

I disagree and think he's a good governor

it's right that after the first rate rise in 10 years we don't cause panic and that people have some perspective of what sort of rises we can expect in the future.

If you're getting a mortgage now or remortgaging knowing they forecast the rate around 1% mark in 2 years I think that's better than nothing.