Emailed in by MBK from The Telegraph:
"We're doing the work on it now but the emerging Treasury analysis backs up what you are hearing from major banks like Virgin Money that the value of people's homes will be affected and people trying to get on the housing market would be hit because mortgage costs would go up."
Exactly not.
Future purchasers would be unaffected because the hypothetical house price fall and hypothetical interest rate rise would cancel each other out.
Debate Magazine
