Mortgage Broker: UK House Prices Could Fall 15% (Audio)

The UK housing market faces the most severe disruption since the 2008 financial crisis, according to Bloomberg Economics. The average two-year fixed-rate home loan jumped to above 6.5% on Tuesday, according to Moneyfacts. Ray Boulger, ​Senior Technical Manager at the mortgage brokers John Charcol. He told Bloomberg's Caroline Hepker and Stephen Carroll he expects house prices to fall by 15% from their peak.

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