BLOOMBERG: Risky Mortgages on Rise in Areas Most Vulnerable to Brexit
Press/Media: Expert comment
Description
“People will prefer to use the income and savings they have to pay the mortgage, so what’s likely to happen is they’ll cut from other expenses, starting with traveling,” said Ismail Erturk, a senior lecturer on banking at Manchester Business School. “GDP will be impacted in the first instance, rather than the housing market.”
Media coverage
| Title | Risky Mortgages on Rise in Areas Most Vulnerable to Brexit |
|---|---|
| Media name/outlet | Bloomberg |
| Media type | Web |
| Country/Territory | United Kingdom |
| Date | 15/08/18 |
| Description | “People will prefer to use the income and savings they have to pay the mortgage, so what’s likely to happen is they’ll cut from other expenses, starting with traveling,” said Ismail Erturk, a senior lecturer on banking at Manchester Business School. “GDP will be impacted in the first instance, rather than the housing market.” |
| URL | https://www.bloomberg.com/news/articles/2018-08-15/risky-mortgages-on-the-rise-in-areas-most-vulnerable-to-brexit?utm_source=google&utm_medium=bd&cmpId=google |
| Persons | Ismail Erturk |