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
First-time buyers in UK drop by a fifth as higher mortgage costs bite Lender says homes needing renovation are most in demand as people seek cheaper properties
UK lenders expected to make further mortgage rate cuts next week Mounting optimism that home-loan costs have peaked after Bank of England keeps interest rates on hold
‘We lost about £100,000’: one year on, Britons count cost of the mini-budget People who lost money for care home fees and others facing rocketing mortgage costs after Truss’s gambit share their stories
As UK mortgage interest rates fall, should you choose a two-year or five-year fix? Bank of England halts run of base rate rises but borrowers still have much to ponder
Landlords in Yorkshire abandon buy-to-let market over high interest rates What was once a lucrative investment for those with spare funds has become a headache amid higher borrowing costs
B&Q owner cashes in as Britons improve homes rather than move Kingfisher says people are staying put as mortgage interest rates and household bills soar
UK rents soar as high interest rates hit property market – as it happened Rolling coverage of the latest economic and financial news
Proportion of UK house sellers cutting asking price reaches ‘highest in over a decade’ More than 36% of properties have had asking price cut at least once — the highest figure since 2011