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Mortgage costs have hit the highest level for 15 years after the rate on a two-year fixed deal surpassed the peak in the aftermath of the mini-budget.

House prices have fallen at their fastest rate in 12 years, according to the Halifax, while mortgage rates continue to rise.

Headlines about interest rates are grim for mortgage customers, and the Bank of England has now increased rates by more than expected to 5% from 4.5%. About 1.6 million UK homeowners with a fixed rate will see their deal come to an end by December 2024, according to UK Finance, and these people will face […]

Rising interest rates means people looking to remortgage their homes will pay an average £2,900 a year more from 2024, a think tank has said. The Resolution Foundation predicts the average two-year fixed rate deal will hit 6.25% later this year, leaving the UK in a “mortgage crunch”. Around 800,000 people are expected to remortgage […]

House prices in first annual fall for 11 years, says the Halifax…

UK house prices fell at their fastest annual pace for nearly 14 years in May, the Nationwide has said.

Mortgage lenders are offering new products to people struggling to borrow money because of climbing interest rates, which the Bank of England recently raised for the 12th consecutive time, to 4.5%. People with mortgages tied to this base rate are now paying hundreds more a month and first-time buyers are struggling to get a deal […]

A deposit-free mortgage specifically aimed at people currently renting has been launched by a UK building society.

The number of mortgages approved in the UK for people buying a home rose sharply at the start of spring, Bank of England figures show.

House prices: The annual rate of growth improved to -2.7 per cent  from -3.1 per cent  in March, as buyers remain cautious about their financial position due to rising inflation, said Nationwide© Provided by City AM The housing market showed “tentative” signs of recovery in April as the price of homes rose 0.5 per cent during […]