We Buy UK Houses

Mortgage arrears rise sharply with landlords hardest hit

November 10, 2023 – Marc da Silva The number of mortgage holders who have fallen significantly behind on their repayments has increased by 18% over the past 12 months, fresh data shows. According to UK Finance, 87,930 homeowner mortgages were in arrears during the third quarter of the year – up 7% on the previous […]

UK mortgage approvals and consumer credit jump unexpectedly in June: BoE

By Andy Bruce and David Milliken July 31, 202310:18 AM UTCUpdated ago The Bank of England is seen in the City of London, Britain, July 30, 2023. REUTERS/Hollie Adams LONDON, July 31 (Reuters) – British lenders approved more mortgages than expected in June and net unsecured lending to consumers shot up by the most in […]

Is now a good time to buy a house?

House prices have gone through the roof in recent years, but they are now falling amid soaring inflation and rising interest rates. Demand for homes has halved compared to this time last year, according to property portal Zoopla, with sellers forced to accept discounts averaging 4% to reach a sale. Figures also show that house […]

Bank of England raises interest rates to 3.5% in ninth increase in a year

In a three-way split vote, when two members of the nine-strong MPC voted to keep the base rate on hold and another member pushed for a more aggressive rise, the MPC said there were “considerable uncertainties around the outlook”. While global supply chain blockages have eased, bringing down the price of many commodities and goods […]

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