Birdwatch Note Rating
2024-01-14 14:35:09 UTC - HELPFUL
Rated by Participant: 90C3D756A5F1DCF379B92254BCEAD5EE21600E4C2677C1E48082AC2F5C1B82C9
Participant Details
Original Note:
House prices and salary are not the only things that drive affordability and accessibility of buying a house. interest rate on mortgages, size of deposit required and risk tolerance of banks affect affordability. Eg. Interest rates were higher in the 1970s compared to today https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate
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