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UK house sales fell by 15% in June compared with the same month a year earlier, according to HM Revenue & Customs figures. An estimated 85,870 transactions took place in June 2023 across the UK,...
The number of homes bought and sold dropped in June compared to the same month last year, according to the latest Government data, as household finances remain under pressure.
Borrowers in Britain are still having to pay extremely high rates for new mortgages compared to one year ago, even though inflation is now falling at a greater rate than expected.
HSBC became the first bank to announce they will be reducing rates on their fixed rate products, sparking hope that mortgage rates might begin to fall.