"The homeowner has already been punished enough by the Bank of England with previous rate rises and if there are any further increases, we fear that the number of repossessions could, as CML predicts, jump by over 30 %. However this figure is well below the 75,000 repossessions in 1991.
There is some speculation that rates may rise by a quarter per cent immediately after the election, which would not only squeeze some hard pressed borrowers but would also, all but kill off, the already fragile first time buyers market."
