Category: Mortgages

UK house prices stabilise as rising wages and consumer confidence steady market

Average price of a home dipped by 0.1%, says Halifax, bringing cost of typical property down to £288,688Business live – latest updatesUK house prices held steady in May underpinned by rising wages and an increase in...

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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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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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Government scheme to send asylum seekers to Rwanda will cost £169,000 per person, Home Office says – UK politics live

Home secretary says benefits of deterring irregular immigration should also be considered, as economic impact assessment publishedThis is what Rishi Sunak said in his clip for broadcasters in response to claims that...

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Mortgage rise impact ‘will dwarf energy bills crisis’ for UK homeowners

Tories warned about threat to middle earners as Labour increases lead among mortgage holders and Lib Dems target blue wall areasThe growing mortgage timebomb facing millions of households will “dwarf the energy bill...

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