Interest rate rise would 'hit young homeowners harder'

Younger homeowners would be hit hardest by a rise in interest rates, according to a study from the HomeOwners Alliance and conveyancing provider Myhomemove,

• Nearly half of homeowners aged between 25 and 34-years-old said a rise in interest rates would put them in a tricky financial position.
• Just under a quarter of those over the age of 55 said the rise would hurt them financially.