It seems with every passing year the homeownership aspiration shared by so many young Britons becomes an even more distant dream. Surging house prices, soaring inflation and low savings rates mean that…
Tag: moneymortgageshome
How London property asking prices have struggled since Brexit
Inner London property prices have not kept pace in percentage terms with the rest of Britain since the Brexit vote in June 2016, exclusive analysis by This is Money reveals. On average,…
ONS house prices: Home values up 12.4% in April
House price inflation adds £31k to the average home in a year sending the cost to £281k, official data shows… and more first-time buyers are hit with stamp duty Average house price…
Mortgage affordability test to be axed by the Bank of England
The Bank of England will axe mortgage affordability guidelines designed to prevent people from financially overstretching. Following its latest review of the mortgage market, the central bank’s Financial Policy Committee has confirmed…
House prices hit new record for fifth month in a row but pace of growth slows down further
House asking prices hit a new record for the fifth consecutive month, but the pace of growth has slowed and is likely to halve by year end. The average price of property…