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UK house prices set for 15% drop.

Housebuilder Barratt says it has seen a “marked slowdown” in the UK housing market over the past six months.

The average house price in the UK fell for the fourth month in a row in December, as the rising cost of living and higher interest rates hit home.

Mortgage approvals fell to their lowest level in two years as interest rate rises put off buyers, new Bank of England figures suggest.

A mortgage guarantee scheme to help people get on the property ladder is to be extended by a year.

Property prices in areas of the Yorkshire Dales, the Derbyshire Dales, North Norfolk, and the Cotswolds all shot up. In recent months, the partial return to the office and the soaring cost of living caused the picture to change for many people. Chris Druce, senior research analyst at estate agent Knight Frank, said: “After a […]

A mortgage guarantee scheme to help people get on the property ladder is to be extended by a year.

UK house prices saw their biggest drop in 14 years in November, falling 2.3%, reflecting “volatility” in the market, according to mortgage lender Halifax. November marks the third month in a row during which prices have fallen with potential buyers playing safe by delaying purchases. The average UK house price in November was £285,579. Higher […]

People are putting their homes at risk by using rogue companies that offer spray foam insulation, according to one of the UK’s largest mortgage providers. Nationwide Building Society says thousands of pounds worth of damage can be caused if it is wrongly installed. The lender says it expects enquiries about spray foam to “skyrocket” as […]

UK house prices will fall for the next two years before starting to rise again, according to the government’s official forecaster. A drop of 9% is expected between now and autumn 2024, the Office for Budget Responsibility (OBR) has said. That will be a relief to some potential first-time buyers following a period of sharp […]