GerMonkey

Please forgive me if I'm covering really old or obvious ground here. Many of the assumptions around a house price corrections revolve around interest rates. Which in the main are set by the BoE. But what if the EU starts to implode and Bond holders start demanding higher interest rates from UK PLC to cover the risk? Would this not force the BoE's hand regardless of housing or other internal economic factors and therefore increase interest rates for mortgage holders?