Liberal Democrats are exploiting mortgage fears with a barrage of attack ads in Blue Wall seats

In Bracknell Forest, 37.2 percent of homes were mortgage owned in 2020, compared to 37 percent in Wokingham.

Wokingham has been represented since 1987 by John Redwood, the veteran Tory backbencher who has been a vocal supporter of Liz Truss’ tax cut policies.

Its majority fell from 18,798 in 2017 to 7,383 in 2019, with the Liberal Democrats in second place. In May local elections, the Tories lost control of Wokingham Borough Council to a Liberal Democrat-led coalition.

Across the country, 28 percent of homes are owned with a mortgage.

Surrey is also one of the counties with a high percentage of mortgage holders. Michael Gove’s Surrey Heath office is in the top 10 highest rate areas, with 35 percent of homes owned with a mortgage.

The Liberal Democrats’ campaign will also target voters in constituencies such as Guildford, Hitchin and Harpenden and Cheadle.

In Guildford, Angela Richardson had a majority of 3,337 over the Liberal Democrats in the last election. Hitchin and Harpenden is represented by Bim Afolami by a majority of 6,895 and Cheadle by Mary Robinson by a majority of 2,336.

The Liberal Democrats claim the average household will pay £2,106 more a year for a single adjustable rate mortgage if interest rates rise to five per cent. Those with an average Tracker mortgage would pay £3,400 more a year.

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