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.
First-time buyers hoping for help from the Budget
Aspiring homeowners say rent, rising costs and house prices are delaying plans to buy.
UK shop price inflation ‘highest since 2024’ as retailers struggle to limit price rises
British Retail Consortium says ‘dam is starting to break on the huge wave of costs’ being kept from consumersShop price inflation has risen to the highest level in two and a half years, according to the British Retail Consortium, which warned that “the dam is starting to break” when it comes to retailers trying to limit price rises for customers.The lobby group said shop price inflation was 2.1% year on year in October, a sharp rise compared with 1.4% in September, and an indication that
Budget to include £1bn for social and affordable housing
The move will take funding for the 10-year programme to more than £40bn.
Island inflation rate rises to 3%, figures show
The rising cost of food and alcohol drives an increase in the inflation rate, figures show.
Earnings limit of up to £140K for first-time buyers loan scheme
The Your First Home scheme will offer government-backed loans for those buying new-builds in England.
'An £8k service charge left me unable to pay bills'
Housing association Curo defends large increases to leaseholder bills.
Faisal Islam: Inflation and borrowing figures illustrate chancellor's Budget challenge
The economic figures released on Wednesday show the constraints for John Healey as he puts the finishing touches to his Budget.
Inflation and government borrowing highest for a year ahead of next week's Budget
Inflation accelerated to 3.5% from 3.1% in the year to September, according to the Office for National Statistics (ONS).
How is the US economy really doing under President Trump?
Ahead of the midterms Trump has boasted about the performance of the US economy. BBC Verify looks at inflation, jobs and economic growth in the country.
What are the new faces coming to UK bank notes?
Banknotes are getting a nature-themed makeover – and the Bank of England has revealed the four creatures that will feature on our money.
More than half of UK first-time buyers paying more for mortgage than they did for rent
Hamptons says figure of 56% is highest in at least a decade, with mortgage rates rising since start of Iran warA majority of first-time UK buyers now pay more towards their monthly mortgage bills than they used to pay in rent, the estate agent Hamptons has found.Last month 56% of first-time buyers said their monthly mortgage bills exceeded their previous rent, the highest proportion in at least a decade, according to Hamptons. They paid £39 more on average. Continue reading...
Home sellers cut asking prices on 3,000 properties a day
More property asking prices are being cut than at any time in 15 years, data shared with the BBC shows.
'It's rough out here': Americans struggle with rising inflation
US inflation continues to rise, and this month the jump was above forecasts. Here's how some are surviving.
US inflation rises more than expected - here's what is happening with prices
The pace of price rises increased to 3.7% in the year to September, driving by higher motor fuel costs.
NI company in talks to save Poundland from administration
Poundland says Martin Property Group from Londonderry is the management team's "preferred partner"
UK savings: 5% interest rate deals may not last, say experts
Competition is hotting up, with National Savings & Investments lifting rates to the highest in yearsNational Savings and Investments (NS&I) has increased the returns on some of its accounts, with many now paying more than 5% for the first time in nearly three years.Competition in the savings market has been growing, leading to some of the highest interest rates for years. Continue reading...
New-build homes for first-time buyers in England – in pictures
From a flat in a new urban village in London to a family-sized home in a rural village in Norfolk Continue reading...
Protesters blame 'vulture funds' for Spain's housing crisis
Hundreds have pitched their tents in central Madrid, while the Spanish prime minister has called a snap election.
UK house prices flatline as rising mortgage costs weigh on market
Average cost of home in September was £298,441, says Lloyds – about the same as year earlier and in AugustBusiness live – latest updatesUK house prices flatlined in September, according to a leading index, as rising mortgage costs started to weigh on the market.The average cost of a home was £298,441, roughly the same as it was a year earlier and in the previous month, according to the tracker from Lloyds previously known as the Halifax HPI. Continue reading...
Average five-year fixed mortgage rate hits 6% for first time in three years
Banks and building societies raise prices as turmoil in bond markets increases expectations of base rate riseThe average cost of a five-year fixed-rate mortgage has hit the 6% barrier for the first time in three years, as jitters in the money markets make the loans more expensive for lenders to offer.Figures from financial information provider Moneyfacts show the average is now 6.00%, its highest point since September 2023, while the average two-year fixed rate is not far behind at 5.98%, its hi