Category: Mortgage rates

Ministers’ 99% mortgage idea could overheat UK housing market, say experts

Scheme to support first-time buyers that would appeal to young voters reportedly being considered by No 10Ministers could be at risk of fuelling a fresh house-price bubble, according to industry experts who have warned about a...

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UK homeowners face £19bn rise in mortgage costs as fixed-rate deals expire

Up to 1.5m households expected to face sharp increase this year, with inflation and tax rises also denting spending power‘Sleepless nights’: UK homeowners fear impact of 2024 mortgage timebombHomeowners are facing a...

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Labour says 630,000 will be hit by surge in mortgage costs before 2024 elections

Long period of high interest rates expected, meaning higher costs for homeowners whose fixed-rate deals are coming to an endLabour has warned that more than half a million homeowners face a surge in mortgage costs before the...

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1.4m UK mortgage holders face 20% hit to disposable income from rate hikes

Expected surge in costs by 2025 likely to hit people in 30s hardest, says Institute for Fiscal Studies reportMore than 1 million households across Britain are expected to lose at least 20% of their disposable incomes thanks to...

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Tory MPs split on whether to intervene to help mortgage holders

Figures released on Wednesday expected to confirm UK stuck with highest inflation rate in G7Conservative MPs are increasingly split over whether the government should intervene to defuse Britain’s mortgage timebomb, as the...

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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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