As lenders withdraw some of their products, we take a look at what’s triggered the current turmoil in the mortgage market and what buyers and homeowners can do.
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The Bank of England’s latest increase adds a further £60-a-month to repayments for homeowners with a £200,000 variable mortgage.
Core inflation rose to a new 31-year high in May, suggesting the Bank of England will have to increase interest rates by more than previously expected.
In a fiercely competitive rental market, where costs are rising and too few homes are available, what can renters do?
Annual rental inflation for new lets is up 10.4% year-on-year, with rents taking up the highest proportion of earnings in a decade at 28%. Meanwhile, 51% of landlord sales are happening in London and the South East.
Nearly a third of landlords are being hit by higher mortgage rates, risking a further squeeze on the number of rental homes available.
To buy a home in the UK, first-time buyers are saving between £26,400 and £144,500. Find out how much people are saving to buy a home in different areas of the UK.
House price growth expected to be greater in affordable rural areas and slower in city centres, says leading economist at Office for Budget Responsibility.
Buyers and sellers are back doing business but the outlook for the housing market hangs in the balance. Our House Price Index looks at the latest housing trends in May 2023 and why recent inflation figures might put a brake on market activity.
