51 results for "mortgage"

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...

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...

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...

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...

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...

Brokers and housing market analysts predict mortgage rates to fall slightly in the coming weeks. This is due to positive inflation data and an optimistic outlook from the Bank of...

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...

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...

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,...

Chancellor Jeremy Hunt's government recently made an announcement that should bring much-needed relief to thousands of struggling households across the UK. A £421 million support programme, Household Support Fund, is...

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...

Housing costs, both rental and ownership, have soared in recent years. This surge in housing costs raises the question of what kind of help the government can provide. So, If...

Nearly 300,000 households are missing out on £1.2 billion in rental support. According to a new Policy in Practice study, hundreds of thousands of senior citizens are entitled for about...

The Bank of England is facing increasing Tory pressure for interest rate reduction ahead of the scheduled May rate-setting meeting, driving economists to caution that politicians should not interfere with...

NatWest Bank is moving swiftly to increase the monthly fees associated with several of its packaged bank accounts. Customers will potentially have to pay an extra £60 a year. New...

The former head of the civil service believes that public sector pensions should be reduced to help fund pay increases.  Public Sector Pension Concerns Exacerbated by Workplace Morale Crisis Lord...

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...

The average UK house price declined by 0.2% in the year leading up to February down from 1.3% in the year leading up to January. Diverging UK House Price Trends...

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...

The governor of the Bank of England has indicated that the UK is still on track for an interest rate cut, as official numbers show a further slowing in the...

Britain's rental market has seen a rise in the cost of new tenancies in recent years, a trend that is set to continue, according to the Resolution Foundation. The think...

More than a million British households are missing an opportunity to claim the £65 weekly payment, reveals the Department for Work and Pensions (DWP). Older pensioners may be under the...

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...

According to the Institute for Fiscal Studies, more than half a million of UK pensioners will face paying income tax for the first time this week. Tax Burden on UK...

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 Bank of England will soon cut interest rates to 3% in a move to support mortgage borrowers as inflation declines sharply, according to senior economists from KPMG. The Bank...

UK inflation dropped to 3.4% in February, the lowest rate for two and a half years, as the annual pace of price hikes started to slow after surging in January....

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...

House asking prices have surged by more than £5000 in March as the mortgage market recovery uplifts sellers' confidence in property values. House Asking Prices Surge, but Buyers are Still...

The British public's estimates for the rate of inflation over the next year have declined in the previous three months, according to a Bank of England survey released on Friday,...

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 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...

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...

Recent research highlights a surge in rents in commuter towns, driven by the increasing unaffordability of urban areas. As cities grapple with a growing affordability crisis, tenants are turning 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...

Economists are pointing to a potential emergence of Britain's economy from recession, propelled by a significant surge in real wages. This wage surge is considered a pivotal factor in bolstering...

House prices in Britain have experienced a year-on-year increase for the first time in six months, reflecting a boost in demand from buyers and indicating a stabilization trend in 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...

Official statistics project a forthcoming rebound in the UK housing market for 2024, spurred by a £4000 decline in house prices noted in the previous year. This anticipated recovery carries...

Official data shows that UK inflation held steady at 4% in January, defying all the previous forecasts of a higher rise, as household goods' and food prices drop counteracting the...

In an effort to counter a substantial poll deficit against the Labour Party and address criticism from within his own party, Chancellor Rishi Sunak has endeavoured to present a more...

As the City awaits the new revelations next week, anticipation looms over the fate of the UK economy, hanging in the balance of whether it succumbed to a recession in...

As of today, households are set to receive the third instalment of the £299 cost of living payments, marking the completion of the three-part support package initiated in autumn 2021....

Amidst the backdrop of escalating inflation and interest rates, UK businesses find themselves grappling with the second-highest level of financial distress across Europe. Insights into UK and European Business Sector...

The Bank of England has opted to maintain the current interest rates at 5.25 percent, citing a forecast indicating a quicker-than-anticipated decline in inflation to reach its target level. This...

While the significant drop in forecasted inflation for 2024 may seem like good news for many households, experts are warning of potential deflationary risks in the United Kingdom. Anticipated Inflation...

Nationwide reports suggest a brighter outlook for the UK housing market, with recent price trends indicating notable improvements. UK House Prices Surge In January, the index of the building company...

In the wake of Federal Reserve Governor Christopher Waller's latest remarks, U.S. financial markets are responding with notable shifts in stocks and bond yields. Investors and analysts alike are closely...