Mortgages, real estate and government debt: Three things that worry the Bank of England March 27, 2024 The FPC, which was established in 2013, monitors financial stability risks and tries to prevent those risks developing into threats to wider UK financial stability.
London sees 24 per cent drop in first-time buyers as high mortgage rates bite September 27, 2023 London experienced a 24 per cent decline in the number of first-time buyers entering the market in the last year as high mortgage rates crush home-ownership dreams.
Barratt Developments warns a ‘deterioration’ in demand for homes due to rate pain has hit hard July 13, 2023 Barratt Developments has warned a “deterioration” in demand for homes has hit housebuilding hard, as a tumultuous mortgage market continues to pile on misery, with the group’s share price down over four per cent when markers opened this morning. The residential building company said net private reservation rate – the number of people putting their [...]
Revealed: The London constituencies that will be worst hit by mortgage rate rises June 21, 2023 Mortgage holders in London and the Southeast are set to be the worst hit by the “crippling” mortgage rate rises on the horizon, new data shows. The top twenty areas of the country set to see the highest increase in their mortgage repayments increase are concentrated around the capital and the commuter belt, according to [...]
Mortgages are up but don’t get too excited April 19, 2024 What should we read into recent signs of a gradual recovery in the mortgage market? The answer is, it depends. Taking into account distortions caused by the work-from-home exodus from London and the cost of living and it looks like we may simply be returning to precedented times, says Steven MacDonald When it was announced [...]
Barratt Developments: Housebuilder blames mortgage misery for plummeting profits September 6, 2023 The number of homes the company built also declined 3.9 per cent during the term to 17,206, as a series of interest rate hikes by the Bank of England made buyers cautious.
More lenders expected to hike mortgage rates following HSBC, brokers warn June 15, 2023 More and more lenders are set to increase rates on mortgages, brokers have warned, as the fallout from the Bank of England’s rate rise continues to devastate homeowners. The fresh blow to the housing sector comes as HSBC pushed mortgage rates up for the second time in one week in an unprecedented move for the [...]
Natwest shares rise after strong results and deal for part of Metro Bank’s mortgage book July 26, 2024 Natwest became the latest bank to report a fading boost from higher interest rates as it announced the acquisition of part of Metro Bank's mortgage book.
All quiet on the home front: a resettling is on the cards for new homes and mortgages December 12, 2022 The UK economy has weathered its fair share of turbulent storms over the past few years: from a global pandemic, to war, burgeoning energy prices and now escalating cost of living pressures and interest rates; yet the housing market has remained robust throughout. But rising costs are catching up with potential homebuyers. The next two [...]
House prices make biggest January leap since 2020 amid mortgage price war January 15, 2024 House prices made their biggest month-on-month leap in December to January since the pandemic, rising by 1.3 per cent to £359k.