52 results for "Mortgages"

The 2024 rise in the amount of households wanting to fix their mortgage rate for just a couple of years is an indication of the fact that homeowners are hopeful...

Whether it is the food in your fridge or your monthly mortgage payments, inflation has seen costs rise sharply for UK households over the last two years. Just two years...

Homeowners will face higher mortgage costs as inflation rises and tax policies tighten the economic noose. Experts warn that borrowing rates could rise further, leaving families and businesses to navigate…

UK inflation rose to 2.3% in October, surpassing the Bank of England’s target of 2% and raising concerns over potential delays to interest rate cuts. The increase, driven by a…

Average asking prices for UK homes have dropped by over £5,000 this November, reflecting a seasonal slowdown and post-budget uncertainty. While demand has begun to recover, factors like stamp duty…

The UK's leading lenders have increased fixed mortgage rates in the wake of Budget-related rises in borrowing costs and market uncertainty. Homeowners and buyers now face a tightening market as…

New funding of £421 million means that households in hardship can get up to £500 of much-needed support for energy, food, and necessities.

By 2026, new regulations for “Buy Now, Pay Later” (BNPL) services will introduce enhanced financial protections for consumers.

Significant changes are on the horizon for mortgage rates, as Barclays prepares to implement increases across various fixed-rate deals.

A DWP rule change could allow many Universal Credit claimants to apply for an additional £1,000 in mortgage support.

Pensioners face uncertainty as the government considers cutting the tax-free withdrawal limit from £268,750 to £100,000.

Mortgage rates under 4% are returning as competition heats up, offering better opportunities for first-time buyers amid Bank of England's rate hold.

The DWP is informing people about available support to cope with rising living costs as many families face higher bills for essentials like heating, food, and mortgages.

Experts warn that reducing tax-free pension cash could force retirees into debt, downsizing, or delayed retirement. With the October 30 budget looming, many have already made hasty financial decisions amid…

First-time buyers and those with smaller deposits are beginning to feel the effects of recent mortgage rate reductions as competition among lenders intensifies. Major players such as Nationwide and Clydesdale...

In the aftermath of a recent interest rate cut by the Bank of England (BOE), more mortgage offers with interest rates under 4% are becoming commonplace, which can be nothing...

The FTSE 100 danced tantalizingly close to its all-time record on Friday, soaring above the 8,400 mark before losing momentum and closing the day slightly in the red. The London...

The Bank of England has reported a significant increase in mortgage approvals for home buyers, reaching the highest level since the mini-budget delivered under former Prime Minister Liz Truss. In...

This winter has witnessed the UK government announce significant changes to the Winter Fuel Payment, and thus thousands of pensioners are being called upon to assess if they qualify for...

A savings expert cautions that UK bank account users must act prior to August 1 to receive high interest rates on their investments. Expert Insights on High Savings Rates Ahead...

Sir Keir Starmer led Labour Party has swept to victory, had a clear majority to form the next government. Starmer speaking on the ability in the just accomplished electoral stated...

Council tax bills are expected to climb by £600 per year, delivering a cost-of-living shock to millions of households throughout the UK. Council Tax Warning: Funding Crisis Looms for Local...

Mortgage and savings rates have been fluctuating in recent months, despite the Bank of England's base rate remaining steady, according to a financial information website. The research was presented as...

Last April, the UK saw an increase of 1.1% in average house prices over the same month the previous year, says the Office for National Statistics (ONS). This positive trend...

The latest figures from mortgage lender Halifax show that during the crucial spring sales period, UK house prices remained unchanged in May, supported by rising wages and a rise in...

UK housing costs accelerated in May, despite a rise in lending costs slowing the recovery, statistics released on Friday showed. House costs rose by 0.4% in both April and May,...

Deciding whether to buy or rent a home remains a hypothetical discussion for most people. Many cannot afford to buy a property or even to leave the family home to...

The UK emerged from recession at the beginning of the year thanks to stronger-than-expected growth. According to official statistics, the GDP expanded by 0.6% between January and March—the quickest pace...

Banks are increasing mortgage rates at the same time as reducing savings offers, regardless of the central bank's interest rate freeze, which has persisted for several months. Many lenders have...

The Bank of England is likely to hold interest rates at 5.25% for the sixth time in a row on Thursday. The move comes as inflation, which tracks price increases...

According to Nationwide, UK house prices dipped in April as prospective buyers faced persistent affordability pressures. UK House Prices Slide as Lenders Raise Mortgage Rates The UK's largest building society...

Barclays and British Gas have extended their partnership to provide a significant discount on home energy efficiency checks. Customers of Barclays can now get an energy check from British Gas...

As of 2024, the UK's mortgage payments had risen by a staggering 60% compared to 2021, giving a clear idea of the financial pressure homeowners are under. This significant jump...

Larger property has pushed asking prices to near record levels in April, following data that suggests the UK housing market is still recovering despite the recent volatility in mortgage rates....

Building society revisions proposed by a Sunderland MP are anticipated to help more first-time homebuyers get on the property ladder. First-Time Homebuyers Set to Benefit as Building Societies Act Amendment...

UK rental prices soared at a record rate of 9.2% over the past month, while house prices stagnated, with London suffering the most. As well, rising borrowing costs continued to...

Halifax, a leading UK lender, reported that UK housing prices fell in March for the first time in six months, which surprised analysts and added to the indications of irregularity...

The Bank of England base rate is set to fall, offering some good news for UK homeowners with tracker mortgages. This could mean a potential monthly saving of £300 by...

According to Nationwide building society, UK house prices dropped for the first time in three months as high mortgages continue to impact the market. UK House Prices Dip for First...

The UK housing market is poised for an active spring, thanks to lower mortgage interest rates and increased buyer confidence. The latest HMRC report shows an encouraging increase in property...

According to a campaign group, more than 6.7 million people in the UK are in financial difficulty as the cost of living pushes more families into debt. Rising Insolvency Rates...

UK house prices are now stable, but surveyors have cautioned that although more sellers are putting their properties on the market, the stance remains vigilant due to the continuous uncertainty...

According to the Bank of England, the level of outstanding mortgage balances with arrears surged by over 50% in 2023's fourth quarter in comparison with a year earlier. Bank of...

According to the latest data from Halifax, UK house prices have experienced a 1.7% annual surge, bringing the average cost of a UK house remarkably close to the peak recorded...

The Office for Budget Responsibility (OBR) anticipates a notable economic development as inflation is projected to dip below the government's 2% target in the coming months. OBR Forecasts Inflation Dip...

Building societies are raising alarm bells over the unintended consequences of mortgage reforms implemented in the wake of the 2008 banking crisis. They argue that these reforms, initially aimed at...

In February, the combination of wet weather and persistent cost of living challenges significantly dampened retail sales, leading to a meagre growth rate of just 1%. Many households opted to...

Online property platform Zoopla has unveiled optimistic figures, indicating a robust trajectory for UK property sales. Projections suggest the market is poised to achieve approximately 1.1 million transactions throughout the...

Rishi Sunak's vow to foster economic growth hits a dissonant note as the UK unexpectedly plunges into recession. Shadow chancellor Rachel Reeves asserts that Sunak's commitment lies in tatters, painting...

The UK housing market maintains its momentum with a fourth consecutive surge in house prices observed in January. Insights from Halifax, a leading mortgage lender, shed light on this trend,...