The news has dropped recently from the UK’s largest mortgage lender, that house prices are still rising. This brings the average property price in the UK to £270,027 according to the Halifax. The Nationwide however stated earlier in the week that average property prices was now £250,311. Whichever figure you look at, they both represent…Continue reading
Tag: interest rates
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