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Halifax says prices fell by 4.6% as high interest rates dents homebuyer demandBusiness live – news updates UK house prices suffered their sharpest annual drop in 14 years, as the seasonal summer slump and high mortgage costs dragged on sales.Data relea…
Politicians’ promises to rid Britain of ‘dirty money’ in the aftermath of Russia’s invasion of Ukraine haven’t come to fruitionIn the aftermath of the Russian invasion of Ukraine, the government promised to clean up dirty money flowing through London. …
Cost doubles in some poor urban districts, driven in part by mortgage rate rise, UK-wide study showsPeople living in the most deprived areas of Britain have seen their rents increase by 52% over the past four years – while for tenants in the wealthiest…
Survey released as HSBC becomes latest lender to increase maximum home loan term to 40 yearsA third of those with a mortgage do not think they will pay it off by the time they are 65, according to data this week. It coincided with HSBC becoming the lat…
August 5.3% drop comes as sales completions down by about 40% in first half of year compared with 2021Business live – latest updatesUK house prices fell 5.3% in August compared with the same month last year, the fastest annual drop in 14 years, accordi…
Interest rate rises on mortgages are weakening demand, property website saysThe number of UK homes sold this year is expected to fall to the lowest level in more than a decade, as the soaring cost of mortgages puts off homebuyers.House sales reaching c…
Affordability problems for first-time buyers mean parents, grandparents and siblings are stepping in to helpThe “bank of mum and dad”, where homebuyers rely on their parents to get a foot on the property ladder, has long been a key part of the UK housi…
Administrative hold-ups leave buyers missing best mortgage deals and some owners unable to sellLong delays in registering properties with the Land Registry across Great Britain are causing frustration among homeowners and buyers with some being left ou…
Some landlords could be breaching consumer protection rules, while CMA is also investigating land held by largest housebuildersA “significant minority” of landlords and letting agents may not be following consumer protection rules, according to the UK’…
Halifax measures price to income ratio to reveal most and least affordable areas to purchase propertyInverclyde in Scotland is the most affordable place to buy a home in Great Britain, while house prices in Westminster far outstrip workers’ wages in ce…