2018 is bad news for the housing market, as fewer homes have been on the market this year than in any other year during the past decade. Halifax, the UK’s largest mortgage lender, said that it’s pretty slim-pickings in terms of houses. Russell Galley, managing director of Halifax, said that the combination of low mortgage…Continue reading
Tag: Halifax
Rise In Interest Rates Hits Young Homebuyers Hard
Interest rates are rising in the UK, adding to the financial burden of young homebuyers. The situation has been driven by house prices rising much faster than the salaries of first-time buyers, forcing many of them to take on increasingly large amounts of debt in order to own their own home. Indicators suggest that interest…Continue reading