HOUSING NEWS

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?

UK house prices dropped at their fastest annual rate for 14 years in July, according to Nationwide.

Mortgage rates fall for first time since May

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.