Mortgages Will Stay High - IFS Economist Answers Your Election Questions

1st July 2024

The director of the Institute for Fiscal Studies answers i readers' questions on the election and what it means for your finances.

Mortgages will remain high in the future but that could help first-time buyers, Paul Johnson, director of the Institute for Fiscal Studies (IFS), has said.

Interest rates are likely to fall this year but will remain much higher than they have for most of the last 16 years and this is likely to keep house prices in check, he said as he answered i readers' questions about what the upcoming election means for them.

He also suggested that raising council tax for people living in the most expensive properties could be an effective way to raise money to fund public services.

To read this interesting series of questions go to I News HERE
HERE