'Worst yet to come for landlords' as mortgage arrears hit highest since 2016
Borrowers struggle to pay up amid sharp rise in interest rates
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Borrowers struggle to pay up amid sharp rise in interest rates
Santander has become the latest high street lender to reduce the rates of its mortgage deals, following a stream of other cuts by fellow banks last week, in a signal of hope for prospective buyers.
Despite month after month of falling prices, the housing market has so far avoided the most pessimistic forecasts for a market crash.
Michael Bailey, director at Preston-based Michael Bailey Estate Agent: "As the Nationwide suggests, a lot depends on the resilience of the jobs
EXCLUSIVE: Industry insiders have warned Britons 'have not seen the worst' of high mortgage rates yet with the Bank of England's reliance on interest rate rises to curb the UK's stubborn inflation branded 'insanity'.