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Just as you’d feel stupid if post brexit the £900k house only falls to £850k but interest rates shoot up and that £850k debt becomes unaffordable.
That could only happen if after Brexit everyone suddenly has lots more money so that they can suddenly afford the mortgage on a £850k place, keeping house prices bouyant despite the increase in interest rates. I'd put that firmly in the 'Unicorn' and 'Magic Money Tree' part of the Venn diagram of probabilities.
Brommers
Just as you’d feel stupid if post brexit the £900k house only falls to £850k but interest rates shoot up and that £850k debt becomes unaffordable. You’ll wish you’d locked in on a long term fixed rate at the higher purchase price because it was £2k a month cheaper to service the debt (based on a fictional 4% rise in rates).