Profits at UK homebuilder Barratt drop as buyer demand slumps Soaring interest rates and end of help-to-buy scheme blamed for driving away first-time buyers
UK GDP: mortgage payers’ worst fears are likely to come true Cycle of interest rate rises are expected to continue after better than forecast economic data
Number of would-be homebuyers falls to 8-month low as UK economic anxiety deepens Survey of estate agents reports growing reluctance among potential homebuyers to make a purchase
Renting a room in UK tops £700 a month on average Analysts say 17% rise from spring 2022 shows ‘housing market isn’t working for anyone’
Mortgages to cost 1m borrowers extra £500 a month by 2026, Bank warns Bank of England says millions of homeowners will be paying up to £220 more a month by end of year
UK two-year fixed mortgage rates hit highest level since 2008 Average rate rises to 6.66%, according to Moneyfacts, in more bad news for homeowners
UK house prices fall at fastest annual rate since 2011, says Halifax Average price of property drops by 2.6% year on year in June as mortgage rates climb
UK homeowners in limbo as help to buy firm won’t answer phone Frustrated borrowers unable to sell or remortgage as company running loan scheme leaves them on hold
70% of central London properties sold this year bought with cash – Savills Report fuels fear that rich overseas buyers are buying properties at expense of working Londoners
Risks of UK housing crash rising by the day as fixed-rate mortgage deals end The tipping point for the economy could come if fixed-rate mortgages rise above 7%
The UK’s housing market is hurting everyone. Time to rethink the whole thing There appears to be no relief in sight for homeowners or renters – but there are things that can be done, says Josh Ryan-Collins, an associate professor at UCL
First-time homebuyers now need nearly 10 years to save a deposit, research finds Rising rents and property prices mean Londoners are flatsharing into their 40s, says Generation Rent
UK house prices rise unexpectedly in June but annual rate falls Nationwide says mortgage crisis ‘likely to exert significant drag’ on market activity in coming months
Two and five-year fixed-rate mortgages in UK at highest level for seven months Data from Moneyfacts shows average cost of two-year deal now at 6.23%, with five-year at 5.86%
Young adults pay heaviest price for Britain’s exploding mortgage timebomb Rising interest rates expose widening generational gulf, with millennials facing heavy increases in monthly payments