Anonymous3 days ago
The US-Israeli military campaign against Iran, launched on 28 February 2026, has disrupted UK mortgage markets, pushed two-year fixed rates from 4.84% to 5.21% in weeks, and prompted Nationwide and RICS to warn of softening house prices. While Capital Economics models a worst-case 15% price correction, the UK's chronic 4.3-million-home shortage and unanimous Bank of England rate hold at 3.75% suggest the downturn will likely be shallower than 2008 — though roughly one million homeowners face fixed-rate renewals by September 2026 at significantly higher costs.