Category: Mortgage lending figures

UK air traffic chaos to cost airlines £100m as ‘dodgy flight plan’ blamed – business live

Rolling live news coverage of business, economics and financial markets as disruption to UK air travel continues into third dayWillie Walsh said said he finds it “staggering” that a single corrupted flight plan could...

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Sunak says no extra help with mortgages as fixed rates climb to 6%

Prime minister says no new support available for households struggling to pay loans Business live – latest updatesRishi Sunak has ruled out extra help for homeowners struggling to pay soaring mortgage costs, as the average...

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Rishi Sunak rules out extra government help with UK mortgages

PM says no new support available for households struggling to pay loansRishi Sunak has ruled out extra help for homeowners struggling to pay soaring mortgage costs.The prime minister said that the government should “stick...

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UK house prices fall at fastest pace since 2020 amid fallout from mini-budget

Nationwide warns inflation and rising interest rates will weigh down housing marketUK house prices fell at the fastest pace in two and a half years in November as the fallout from Liz Truss’ disastrous mini-budget put...

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UK mortgage approvals for October fall 10% after mini-budget

Homebuyers face higher interest costs, as lending figures slump to lowest monthly total since June 2020The chaos in the mortgage market that followed Kwasi Kwarteng’s now infamous mini-budget led to a 10% fall in the...

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Kwarteng considers extending mortgage guarantee scheme

Initiative may continue beyond December as bank bosses raise concerns over mortgage marketThe chancellor is considering extending the government’s mortgage guarantee scheme after UK bank bosses raised concerns over the...

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More than 40% of mortgages withdrawn as market reels after mini-budget

Lenders began pulling products on Monday as they struggled to price products amid financial uncertaintyKwasi Kwarteng’s mini-budget: key points at a glanceMore than 40% of available mortgages have been withdrawn from the...

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