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 […]
HOUSING NEWS
Mortgages to go up by average of £2,900 a year for 800,000, says Resolution Foundation…
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…
House prices in first annual fall for 11 years, says the Halifax…
House prices fall at fastest pace in nearly 14 years, says Nationwide…
UK house prices fell at their fastest annual pace for nearly 14 years in May, the Nationwide has said.
Mortgage deals: Five new products aiming to beat interest rates rise…
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 […]
Skipton launches deposit-free mortgage aimed at renters…
A deposit-free mortgage specifically aimed at people currently renting has been launched by a UK building society.
Number of people getting mortgages rises sharply…
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 eek out a 0.5 per cent rise as UK housing market shows ‘tentative’ signs of recovery…
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 […]
Sellers flooding back to the housing market: Number of properties for sale hits two-year high…
Sellers flooding back to the housing market: Number of properties for sale hits two-year high.
The return of 100pc mortgages could spell disaster for the housing market…
Deposit-free mortgages are about to return to the housing market – but experts have warned they pose a risk of negative equity and threaten to destabilise the banking system. Skipton Building Society plans to launch a new loan that would allow borrowers to bypass standard deposit requirements by using their rental payment history. Borrowers typically […]
