Market News
Latest analysis and rate updates from the UK mortgage market.
Market News
Latest updates, analysis, and rate changes from across the UK mortgage market.
US inflation holds steady as diesel prices pass $6 a gallon
Prices in the US rose 3.4% in the 12 months to August, according to the latest official figures.
Facing a UK housing dilemma? Send us your questions
From renting and troublesome landlords to buying or selling a home, send us your UK housing questionsAre you dealing with a problem with your landlord or tenancy, wondering about buying or selling a home, or facing another housing issue?We’re planning to launch a new column answering readers’ questions about housing in the UK and helping them understand their options. Continue reading...
Are interest rates on the way up again?
As countries grapple with energy costs pushing up inflation, this month will see how central banks respond.
ECB hikes rates to 2.5% as energy shock pushes eurozone inflation higher
Housing market gradually finding its footing, say surveyors
Food inflation expected to reach almost 4% by Christmas, industry warns
Borrowers expecting mortgage rates to drop have hopes dashed
Major lenders have raised rates on new deals in recent days, leaving many borrowers needing to make a decision.
UK house prices fall for first time since 2023, led by London and south-east
Average property cost £298,468 in August, down by 0.4% year on year amid higher interest rates, says LloydsBusiness live – latest updatesUK house prices have fallen for the first time in almost three years, as prospective buyers were squeezed by higher mortgage rates, geopolitical uncertainty and stretched affordability.Prices have dropped by 0.4% compared with a year ago, the first year-on-year decrease since November 2023, according to the lender Lloyds. That came in below expectations of a
Five dead after Amazon cargo plane crashes at Miami airport
Five people are dead and five seriously injured after a Boeing 767-300 cargo plane "overran" the runway and caught fire, officials say.
England’s housing courts at breaking point as renters battle no-fault evictions
Courts said to be ‘overloaded’ as landlords sell properties and tenants with nowhere to go try to delay evictionsIt is a Wednesday afternoon at Stratford housing court, and every seat in the waiting room is full. Over the next few hours, a conveyor belt of tenants and lawyers file into the courtroom to discuss their housing disputes – up to 29 cases are dealt with in a single day.In one case, a tenant is trying to buy more time after receiving a section 21 no-fault eviction earlier in the
More funding needed to boost construction jobs for young people, housing boss says
Recent analysis showed the construction sector needs an extra 2,200 workers a year to meet demand.
Trump calls for interest rate cut after jobs figures raise hike bets
The president's remarks came as stronger-than-expected jobs figures added to growing expectations that rates could be increased.
Fed’s Hammack says time to act on inflation
How will bond market turbulence affect UK consumer finances?
Fixed-rate mortgages look set to rise, but pensions are more likely to weather the storm and there could be good news for saversThe bond market sell-off has sparked fresh fears of higher borrowing costs for UK households. We look at what the turmoil in financial markets could mean for your mortgage, pension and savings. Continue reading...
UK mortgage borrowers brace for rate jump amid global bond sell-off
UK mortgage borrowers brace for rate jump amid global bond sell-off
Swap rates rise to three-year high as increase in oil prices leads to fears of higher inflationBusiness live – latest updatesHomeowners in the UK are braced for a jump in mortgage rates, driven by higher inflation and interest rate increase expectations amid turmoil in the global bond markets.UK swap rates, which lenders use to price mortgages, have risen to a three-year high, as this week’s global bond market sell-off ripples through the economy. Continue reading...
UK homeowners: has the hot weather damaged your property?
Are you dealing with subsidence or other issues caused by the hot weather? During a dry spell, such as the successive heatwaves that affected some parts of the UK this year, houses built on clay-rich soil suffer as moisture is sucked away by trees and bushes. This causes the clay to shrink and foundations to drop, causing structural problems.We would like to speak to homeowners who are dealing with damage to their homes which is likely to have been caused by this year’s extremely hot, dry weat
Fake 10 Downing Street listing on Booking.com highlights security failures
Consumer watchdog Which? set up and accepted payment for fake listing for ‘1 bed apartment in heart of London’Successive politicians have clawed their way past colleagues over the years to call the residence home. Yet in an offer that probably seemed too good to be true, the property site Booking.com has been accused of “systemic security failures” after it was able to set up and accept payment for a fake listing for 10 Downing Street.A property listed as a “1 bedroom apartment in the
US borrowing costs hit fresh highs over inflation fears
The effective interest rate on 10 years rose to 4.79%, its highest level since January 2025, as oil prices surged.