The number of mortgage arrears soared 44.5 per cent in the first three months of this year as homeowners struggle with higher rates, Bank of England data has revealed. Outstanding …
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- Money
House prices continue to rise annually, says Halifax… but many buyers are waiting for an interest rate cut to make the decision
by ElijahHouse prices rose by an average of £4,200 in the year to May, Halifax said. They fell 0.1% over the past month. Rate cut planned for autumn could inject more …
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While rents increased last year, some cities began to see declines in early 2024. Overall, rents rose 6.6% year-on-year through April, the lowest level in two and a half years. …
- Money
I’m fed up with rents in London: Will we save money by moving to Leigh on Sea or Margate?
by ElijahI’m already tired of paying rent in London and I want to try to live somewhere cheaper, so I can save money and pay a deposit to buy my own …
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My wife and I are thinking about moving house. In previous moves we have carried out a study on the conditions to obtain a mortgage. But that doesn’t apply now …
- Money
House prices rose in May, says Nationwide, as wage growth and falling inflation boost buyers
by ElijahHouse prices rose between April and May, according to the latest figures from Nationwide. The building society said rising wages and falling inflation helped offset the impact of higher mortgage …
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According to Zoopla, the number of homes on the market has reached the highest level in eight years, as sellers return to the market in increasing numbers. It said the …
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Homeownership among young adults has recovered to 2010 levels 39% of people aged 25 to 34 owned their home in 2022/23, up from 33% in 2015. 69% of people aged …
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My daughter is taking out a mortgage alone after a separation, how can I help her? DAVID HOLLINGWORTH responds
by ElijahI helped my daughter buy her current house, but unfortunately her husband decided he wants to break up the marriage. She wants to stay in the property to reduce the …
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When mortgage rates began to skyrocket in the final months of 2022, many expected home prices to fall sharply. Simple logic assumed that higher borrowing costs would mean buyers couldn’t …