![Tunde, 38, in London’s Canary Wharf](https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F739b56b3-f1d1-4c4f-97ad-02365a86f26b.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1)
A number of London commuters expressed unease that greater rates of interest may delay the price of residing disaster, with housing of explicit concern.
Within the monetary district of Canary Wharf, Tunde, 38, stated his mortgage was on account of be renewed subsequent 12 months. “I’m hoping [the interest rate] drops. If it’s going to drop, it’ll be by the top of subsequent 12 months however that looks like a very long time away.”
James, 44, believed the speed had “topped out” and that the Financial institution of England would maintain at 5.25 per cent. “It’s excessive, and it has been a shock, nevertheless it’s not going to get any worse.”
Some renters, nevertheless, stated they have been fearful that landlords’ prices would proceed trickling right down to them. Imogen, 26, stated: “Everybody’s rents are nonetheless going up.” Whereas Annabel, 27, stated she’s contemplating leaving London on account of soaring rents. “Issues are simply so costly.”