A survey suggests that over 10 per cent of existing homeowners have been deterred from selling thanks to the recent interest rate rise - the first for a decade.
A poll has been conducted of 2,847 UK adult homeowners aged 25 and over, all of whom claimed that - prior to the Bank of England base rate rise earlier this month - they had been planning to put their existing property on the market and purchase a different home within the next year.
When they were asked if the interest rate rise had made them re-think their decision to sell their property and move home within the next year, 88 per cent said No.
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