“Firstly, there is the considerable hit to people’s incomes from the cost-of-living squeeze. The 80 per cent rise in the energy price cap for October will put more pressure on household finances, as will the further increases expected for January and April. At the levels being predicted, this is likely to constrain the amounts that prospective homebuyers can afford to borrow, on top of the adverse impact of higher energy prices on the wider economy.
