There could be a sharp rise in the number of properties coming onto the market for sale when the Bank of England (BoE) finally decides to raise interest rates, according to a new study.

Research conducted by mortgage broker Ocean Finance found that close to one in 10 home owners plan to sell up if interest rates rise and a third say they will potentially struggle.

Some 10 per cent of mortgage customers have already fallen behind with current payments and a third would cut back on all non-essential spending to make ends meet, the survey revealed.

Read the full article at PROPERTYdrum