Riz Malik News Today

The rise, which equates to 9.5 percent, suggests more of the nation are effectively living on borrowed money.

Some of the most costly household habits are the most common, including bringing things to the boil on the hob without a lid on the saucepan. Read this and all the latest consumer and economic news in the Money blog. Leave your money problem, or comment on any of our stories, below.

The announcement was made as Santander said it was making some small increases to its mortgage rates.

Senior Conservatives welcome ‘bold’ Budget proposal – but housing experts warn high-stakes gamble could fuel new bubble

Default rates on mortgages and credit cards increased in the run-up to Christmas, according to a Bank of England survey of lenders. Banks and building societies reported that both defaults and losses...

The Bank of England has warned that default rates on mortgages and credit cards are rising - and are expected to increase further in the coming months

Mortgage defaults expected to get ‘even worse’ over the coming months as high interest rates pile ‘immense’ pressure on households

Top mortgage broker says major lenders are now engaged in a price war as rates dip below 4 per cent

Sir Howard Davies later said he ‘did not intend to underplay the serious challenges’ facing people when buying a home.

The typical UK house price in December 2023 was £287,105, up from £282,305 in the same month a year earlier, Halifax said.