HOUSING NEWS

The average UK home is now worth £2,400 more than it was 6 months ago. But if you own a terraced property in the north, it’s likely to be a lot more than that

High mortgage rates mean affordability is still “stretched” for many home buyers, according to the Nationwide.

Three major lenders have cut mortgage rates ahead of an expected Labour victory this week. Halifax and Natwest have slashed rates by up to 0.23pc while Clydesdale Bank said its rates will fall by 0.38pc. The reductions come amid hopes that the Bank of England will cut interest rates next month after holding the Bank Rate […]

Labour and the Conservatives have accused each other of failing to match promises on housing, in what has become a key battleground in the election campaign.

House buyers are putting off purchasing a new home until the Bank of England cuts interest rates, evidence suggests.

UK house prices returned to growth in May after rising by 0.4%, according to Nationwide, as buyers’ confidence was buoyed by wage growth and lower inflation.

Several lenders are reducing their interest rates on new fixed mortgages, offering a glimmer of hope to hard-pressed borrowers.

Hundreds of thousands of homeowners have taken out mortgages in the last three years that they will still be paying off into retirement, estimates suggest.

Anyone thinking of buying a first home or moving to a new one will have watched recent increases in mortgage rates with concern.

Three major lenders have announced they will raise rates on new fixed deal mortgages on Tuesday.