The Caithness Business Index has posted the following article:

Mortgage Rates Rise To 6 Pecent For Remortgages And New Buyers But Stress Tests Make It Harder

[IMG][/IMG] As the banks and building societies get to grips with the new reality of rising interest rates the cost for property buyers whether first time or re-mortgages is going up. Making things even harder is the stress testing that is done to prove anyone can afford a mortgage and make the payments each month for the life of the mortgage. [Read Full Article]