UK house prices expected to fall as mortgage rates soar
Increasing mortgage costs and the wider cost of living crisis will place downward pressure on UK home prices over the next few months, according to Halifax.
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Commercial Trust: House prices to drop by 15% in 12-18 months
House prices could fall by 15% over the next 12 to 18 months – bringing landlords back into the market, according to Andrew Turner, chief executive of mortgage broker Commercial Trust.
House prices slowed prior to September’s chaos
Annual house price growth has fallen down to single digits, at 9.9% in September, Halifax’s house price index has found.
This week in auctions
We look into some of the auctions taking place this week, highlighting potentially lucrative investments available.
Housing associations worried about rent cap
It would be harder for housing associations to develop more stock and invest in green housing if ministers capped rent rises at 5% next year, according to a coalition of London housing associations.
Women outnumber men in broker academy applications for first time ever
Brokerage Just Mortgages has received more female than male applicants for their converted broker academy places, an unusual state of affairs in a traditionally male-dominated industry.
Huge supply and demand imbalance in London
The number of prospective London tenants has trebled in less than two years, while available rooms to rent have fallen.
Mortgages to cost £300 per month more by 2023
Homebuyers coming to the end of their mortgage term over the next year could see their monthly repayments climb by over £300 a month, despite having made three years worth of payments, Octane Capital research shows.
London rental growth surpasses other markets
Rents in London have risen by 26.8% in a single year, surpassing other major global markets.
The foreign homebuyers benefitting from a weak pound
Foreign homebuyers from the United States have benefited from a weakening pound the most, with the average home now costing them -14.8% less across the UK and -16.5% in London.
