Mortgage approvals have hit an eight-month low, impacted significantly by rising interest rates affecting potential buyers.
UK House prices will keep falling until after general election
Lloyds Bank predicts a continuous decline in house prices extending past the upcoming general election, attributing this trend to prolonged higher interest rates.
UK House prices fall for fifth month in a row
House prices have seen a decline for the fifth straight month, attributed largely to the increase in borrowing expenses.
Nationwide Building society launches 8pc regular savings account
The UK’s leading building society, Nationwide, has introduced an 8% regular savings offer – the highest available rate in ten years.
UK mortgage war ‘under way’ as lender offers a fixed-rate mortgage priced at below 5%
For the first time since June, a fixed-rate mortgage priced under 5% has been introduced, following major lenders unveiling a series of home loan rate cuts.
House prices experience the largest decline since 2009, says Nationwide
Last month witnessed a sharper decline in house prices, marking the market’s most sluggish state since 2009 due to a significant drop in mortgage approvals.
UK House prices suffer steepest decline in 12 years
Residential property values have experienced their most significant yearly drop in 12 years, due to a mortgage crisis that’s deterring potential buyers.
Economists warn that Bank of England’s actions may lead to a recession in the UK this year
Economists warn that the Bank of England’s aggressive fight against the highest inflation among G7 economies may plunge the UK into a recession by year-end.
The impending mortgage crisis is poised to eradicate the savings of 1.2 million households
Economists have issued a stark warning that the imminent mortgage crisis is poised to decimate the savings of 1.2 million families this year, pushing numerous households into financial instability.
The Bank of England has delivered a blow to mortgage holders, hikes interest rate to 5%
The Bank of England has dealt a setback to mortgage owners by unexpectedly hiking interest rates to 5pc to combat persistent high inflation.
Traders ramp up bets on 0.5 point interest rate rise by the Bank of England
Anticipation of a spike in the Bank of England’s interest rate has soared in response to undesirable inflation and wage growth data, despite economists’ assertions that such market forecasts are
UK Core inflation highest in 31 years
Last month, underlying inflation reached its highest point in 31 years, potentially impacting mortgage holders in light of the upcoming Bank of England’s interest rate decision.