3 May

Rate rise to hit property for sale in Hereford?

Rate rise to hit property for sale in Hereford?

House hunters looking to invest in houses for sale in Hereford may soon see their finances affected by an interest rate rise.

According to Lloyds TSB, 32 per cent of Brits believe interest rates will increase this summer, with 18 per cent predicting a rate change in July.

Others (19 per cent) believe rates are due to rise in October this year, while 62 per cent are convinced rates will definitely be higher before the start of 2012.

One in ten householders reported that a rise in interest rates will have a "significant effect" on their financial situation, which could include their mortgage payments.

In addition, people viewing property for sale in Hereford may need to factor in an interest rate rise while shopping for mortgage deals.

The historic city is to undergo a multi-million pound regeneration project to develop its cattle market, the Hereford Times reports.

Developments including a new leisure and retail centre could boost interest in houses for sale in Hereford.ADNFCR-1222-ID-800517726-ADNFCR

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