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Halifax HPI reports market resilience despite 0.3% house price drop – Mortgage Strategy

Average UK house prices fell by 0.3% in July but the residential market remains resilient with first-time buyer activity holding up, according to the latest Halifax House Price Index. The monthly decline is equivalent to around £1,000 cash and marks the fourth consecutive month the report has recorded a price drop.
United Kingdom Kim Kinnaird James Briggs Lewis Shaw Shaw Financial Services Average United Kingdom

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BBCNEWS Breakfast June 4, 2024 05:32:00

Already struggling, who will now see payments go up. the cost of borrowing is the highest it has been for 15 years. the bank of england has raised its base rate of interest from 5% to 5.2%. the 14th hike in a row since the end of 2021. thats because inflation — the rate at which prices are rising is still way above the banks target of 2%. after the announcement yesterday, the average mortgage holder on a tracker deal was instantly hit with a bill of almost £24 per month, adding up to 300 extr...
Bank Of England Base Rate 14th Hike 5 2 Tracker Deal Mortgage Holder

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