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UK housebuilder’s pre-tax profits down almost 30% at half year while affordability issues prompt customers to spread debt
NatWest, Halifax and Virgin Money become the latest home loan providers to reduce cost of borrowing on some products
Surprise data comes ahead of Bank of England meeting this week
Many lenders are trimming rates — though not all
With mortgage rates predicted to stay high until mid-2024, buyers are lowering offers or pulling out altogether — but some experts think a serious correction still feels unlikely
Changes reflect better than expected June inflation figures and growing competition as demand for home loans falls
Landlords look to get rid of financial ‘headache’ by exiting rental market, further depressing the housing market
Bank to reduce the cost of residential products by up to 0.35 percentage points
Landlords with buy-to-rent mortgages are passing on their pain
Post-pandemic bounce back in demand combines with soaring interest rates to squeeze tenants
The products’ sensitivity to rate rises means increases of thousands of pounds a month in repayments
Tenants squeezed by ‘knock-on consequences’ of cost of living crisis, official figures show
Rising rates on home loans will put a strain on relationships unless we challenge taboos about money
Tenants face more difficulties finding properties as landlords are hit by mortgage costs
Without realising it, we have chosen to tackle unaffordable housing by widening wealth inequality
Rental prices expected to rise as prospective home buyers delay purchase, says survey
Average rate on two-year deals hits 6.66% as lenders lift prices on back of interest rate rises
Here’s what a 6% interest rate might mean for British households
Jump in deals comes after sharp increase in rates for home loans and against backdrop of high inflation
Lenders under pressure over high mortgage costs and low saving rates low point to GDPR regime
Link between higher interest rates and stronger profits is looking less clear
Shares of London-listed lender plunge after it says borrowers are spending less time on its variable rate
Average price stands at £285,932 as rise in mortgage rates hits market
The Bank of England may have found the UK’s weak spot
High-level meeting with lenders’ CEOs and senior management comes amid accusations of profiteering
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