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Mike Staton, Director at Staton Mortgages, stated "The Bank of England has slowly tortured homeowners in the UK for the past 16 months. They have consistently
House prices remain high despite predictions of a significant fall this year and interest rates are unlikely to fall back down to where they were 12 months ago after the calamitous mini-budget last autumn.
EXCLUSIVE: Zero-deposit mortgages could prove invaluable to people trapped in extortionately-priced rental cycles, but are they as good as they sound? Express.co.uk spoke to mortgage experts to find out the positives as well as the potential fallbacks.
Brokers have said the first-time buyer market has been “dwindling” since the Help to Buy scheme has wound down, and called for more schemes, more housing and targeted housing policy.
Monthly mortgage payments could fall by 25% by the end of 2023, according to analysis by wealth manager Quilter.