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Falls in house prices will continue into next year, the UK’s biggest mortgage lender has said, although the rate of reduction has slowed…

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 […]

The average rate on a five-year fixed mortgage has fallen below 6% for the first time since early July, new figures show.

Mortgage rates should fall following the Bank of England’s decision to keep its key interest rate on hold, brokers say.

House prices fell at their fastest annual rate in 14 years in August, according to the Halifax, as rising mortgage rates affected the market.

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 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.

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’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 […]

House prices have been falling in recent months. What is happening to house prices around the UK?