UK mortgage approvals slump before interest rates decision Remortgaging at lowest level since January 1999 as borrowers face higher repayments
Interest rate rises caused sharp drop in UK household wealth, report finds Resolution Foundation says higher interest rates have led to a fall in house prices and pension pots
From right to buy to housing crisis: how home ownership killed Britain’s property dream Margaret Thatcher’s ‘property-owning democracy’ project drove a mass sell-off of social housing. After more than 40 years of soaring prices and growing inequality, is it time to change course?
‘Every night is sleepless’: the people falling behind on mortgage repayments With interest rates still high and mortgage arrears at highest levels since 2016, we hear from three people struggling to pay
UK house prices will not stop falling until 2025, Lloyds predicts Britain’s biggest mortgage lender forecasts 5% drop over this year and another 2.4% decline in 2024
A property price rise in the UK could be the Tories’ last election trump card With the market expected to improve this year, the Conservatives will doubtless seek to exploit the reliable vote-winning tool
Barratt warns of ‘uncertain’ year as buyers struggle with mortgages UK housebuilder’s sales also dented by absence of government’s help-to-buy scheme
UK house prices rise at slowest post-summer rate since 2008 crash Rightmove says 0.5% rise is smallest for time of year since financial crisis 15 years ago as higher interest rates hit home
Buyer’s market fuels fastest fall in UK house prices in 14 years High mortgage costs result in sixth straight month of sellers being forced to reduce prices, says Halifax
Supply shortages and mortgage rate rises push UK rents to highest point ever Average rental property receives three times more enquiries from prospective tenants than in 2019
UK house prices drop 5.3% with falls in every region, says Nationwide High interest rates blamed for year-on-year fall with price of average home £14,500 lower than September 2022.
One in four new UK homeowners opt for ‘marathon mortgages’ to cut payments Buyers under 29 choosing at least 35-year repayment terms to bridge gap between rising living costs and high asking prices, says Experian
UK mortgage approvals hit six-month low as interest rates cool market Number of house sales also fell in August compared with a year earlier, says HMRC
Average five-year fixed mortgage rate in UK falls back below 6% First time since early July that average rate has been below 6%, with some deals now under 5%
UK mortgage payers making big changes to meet higher payments, survey finds Britons are raiding savings or cutting pension contributions, KPMG study finds