High interest rates and rising house prices mean Generation Z are facing mortgage payments twice as high as the generations before them, new analysis has shown.
Read MoreGen Z pay double in mortgage payments compared to older generations
Tag: mortgage
Mortgage costs ‘unlikely’ to return to low levels
The cost of borrowing money to buy a home is “unlikely” to return to the low levels seen over the past decade, the boss of the UK’s largest mortgage lender has said.
Read MoreHouse prices close to record high, says Halifax
The average UK house price came close to reaching a record high last month as falling mortgage rates helped to boost confidence among buyers, according to Halifax.
Read MoreAlmost half of the self-employed struggle to get mortgages – here’s how to get accepted
Close to half of self-employed people who have applied for a mortgage in the past have had their application rejected, according to research.Â
Read MoreHuge shift in interest rate predictions as Bank of England chief says cuts could be more ‘aggressive’
“A bit more aggressive”. Four words from Andrew Bailey have tipped financial markets to now price in an interest rate cut at the Bank’s next meeting on 7 November, sending the pound tumbling as a consequence.
Read MoreBuy-to-let mortgage rates continue to improve for landlords
Although the Bank of England has held its base rate steady, lenders are getting ahead of the competition leading to falling buy-to-let mortgage rates.
Read MoreMortgage AND rent paid by almost half of first time buyers
Some 45% of first time buyers have to pay both rent and mortgage payments at the same time because they cannot align the end of their rental contract with the purchase of their new home.
Read MoreHouse prices rise at fastest pace for more than two years
House prices rose at the fastest pace in more than two years, according to the latest figures from Nationwide.
The average home has increased in value by 3.2 per cent over the past 12 months after a 0.7 per cent rise in the month of September.
Read MoreThreat of unemployment —will I be rejected for a new mortgage?
Paying the mortgage is one of the primary concerns for homeowners when the threat of job loss looms. But how could potential unemployment impact a remortgage? David Jackson explains…
Read MoreMortgage approvals for house purchase jump to two-year high in August
The number of mortgage approvals made to home buyers jumped to a two-year high in August, according to Bank of England figures.
Read More