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

First time since early July that average rate has been below 6%, with some deals now under 5%

Britons are raiding savings or cutting pension contributions, KPMG study finds

Lender says homes needing renovation are most in demand as people seek cheaper properties

Mounting optimism that home-loan costs have peaked after Bank of England keeps interest rates on hold

People who lost money for care home fees and others facing rocketing mortgage costs after Truss’s gambit share their stories

Bank of England halts run of base rate rises but borrowers still have much to ponder

What was once a lucrative investment for those with spare funds has become a headache amid higher borrowing costs

Kingfisher says people are staying put as mortgage interest rates and household bills soar

Rolling coverage of the latest economic and financial news

More than 36% of properties have had asking price cut at least once — the highest figure since 2011

Brokers say borrower confidence likely to lift after the first below 5% deal surfaces since June with more offers likely soon

Households could save £400 a year on energy bills via means-tested scheme offering insulation upgrades

Jump in borrowers unable to make payments with landlords particularly hit and ‘worse to come’