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Rate rise will hit new year house moving decisions

Language: English Series: RICS Press Release ; (PR200/94RES) 7 December 1994, | Guardian ; 8 December 1994, 4(3)Publication details: 1994Subject(s): Summary: The half per cent base rate rise will effect new year house moving decisions according to the RICS. A further possible reduction in the rate of mortgage interest tax relief together with the cut in mortgage assistance for unemployed will make 1995 a very difficult year for the housing market.
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News article London News article WB3046-17 (Browse shelf(Opens below)) 1 Available 23446-1001

The half per cent base rate rise will effect new year house moving decisions according to the RICS. A further possible reduction in the rate of mortgage interest tax relief together with the cut in mortgage assistance for unemployed will make 1995 a very difficult year for the housing market.