British house prices fell at the fastest pace since 2009 over the 12 months to September, data from mortgage lending Halifax showed on Friday, echoing other measures of the housing market which have cooled after a jump in interest rates. Halifax said house prices were 4.7% lower last month than in September 2022, compared with […]
Mynest
Average five-year mortgage drops below 6%…
The average rate on a five-year fixed mortgage has fallen below 6% for the first time since early July, new figures show.
Hope for mortgage rate cuts after Bank of England decision…
Mortgage rates should fall following the Bank of England’s decision to keep its key interest rate on hold, brokers say.
Average price of a home falls by £14,000 in a year…
House prices fell at their fastest annual rate in 14 years in August, according to the Halifax, as rising mortgage rates affected the market.
House sales to slump to lowest in over a decade…
The number of houses sold in the UK this year is on track to be the lowest since 2012, according to property website, Zoopla.
Housing more affordable than a year ago, the Halifax says…
Housing is more affordable than a year ago, according to the UK’s biggest mortgage lender, but high mortgage rates mean it is still a stretch.
Interest-only mortgages: Warning against over-optimism in clearing debts…
Some mortgage borrowers who only pay the interest on their loan are being “overly optimistic” about their ability to clear their final debt, data shows.
Britain suffers biggest housing downturn since financial crisis…
Britain’s housing market is in its worst state since the financial crisis, the Royal Institution of Chartered Surveyors (Rics) has said, as high property prices and mortgage rates trigger a slump in sales. House price falls in July were more widespread than at any point since 2009, according to RICs’ UK residential market survey of […]
What is happening to house prices around the UK?
House prices have been falling in recent months. What is happening to house prices around the UK?
UK house prices fall at sharpest rate for 14 years, says Nationwide…
UK house prices dropped at their fastest annual rate for 14 years in July, according to Nationwide.