Last month saw an unexpected increase in house prices as the mortgage market grew more accessible, revealed a closely monitored survey.
UK property values unexpectedly increase, yet the market stays ‘profoundly frail’ – Nationwide
Last month witnessed an unexpected surge in house prices as sellers opted to wait rather than accept lower offers, as revealed by a widely monitored survey.
UK mortgage approvals have fallen to an eight-month low
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.
Housebuilders tumble on FTSE 100, mortgage rates fall below 6pc for the first time since July
The FTSE 100 experienced a decline as investor outlook was negatively influenced by the anticipation of prolonged higher interest rates.
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.
Oil prices climb to a 9-month peak amid concerns over limited supply.
Oil prices edged nearly 1% higher, reaching a nine-month peak on Friday due to an uptick in U.S. diesel futures and concerns over tight oil supplies, following supply cut extensions
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.
A substantial increase in mortgage expenses is set to cause a notable slowdown in the housing market.
Nationwide has issued a warning that a considerable rise in mortgage costs could cause a “significant slowdown” in the housing market as increasing rates put pressure on borrowers.