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Move follows decision by HSBC and applies to brokers and online applications as lenders hike fixed ratesSantander is the latest major bank to announce it is temporarily pulling its mortgage deals for new borrowers off sale as the turmoil in the home lo…
Opposition finds fallout of Liz Truss mini-budget has raised average mortgage interest payments by £150 a week in two yearsHomeowners are being hit with a “Tory mortgage penalty” of £7,000 a year with interest rates triple what they were two years ago,…
The question is not whether UK house prices will continue to fall but how big the drop will beBusiness live – latest updatesThis time last year the housing market was flying. Demand for home loans was strong and mortgage lenders were vying to offer the…
Mortgage market turmoil prompts record numbers of people to take out loans of more than 35 yearsHundreds more home loan deals have been pulled by banks and building societies since the end of last week while rates on new fixed mortgage deals are contin…
Record 19% of all loans taken out by first-time buyers in March were for 35 years or longerBusiness live – latest updatesMortgage market misery has stepped up for homebuyers as lenders continue to increase borrowing rates and pull deals, prompting reco…
Campaigners say second homes and holiday lets are taking homes away from residents in hotspots such as Devon and CumbriaThe supply of new homes in some tourist hotspots is being almost completely negated by the rise of second homes and holiday lets, an…
Criminal landlords are using uniformed security guards to force out tenants, says the charity Safer RentingVulnerable families are being tricked out of their rented homes by private security guards dressed like court bailiffs, a charity has warned.Safe…
Bank of England data shows sharp dip in April as Nationwide says house prices falling at fastest annual rate since 2009Business live: latest updatesThe UK’s housing market is showing growing signs of stress, with mortgage lending collapsing to the lowe…
Number of residential deals down by almost 7% in a week, new figures show, in echo of crisis that followed Liz Truss mini-budgetUK banks and building societies have pulled almost 800 residential and buy-to-let mortgage deals in the past few days amid g…
But property website warns that rebound in activity could be hit by rising mortgage ratesMore prospective house sellers are returning to the UK’s property market, pushing agreed home sales to their highest point of the year in May, according to Zoopla,…