Stay updated with breaking news from Riz Malik. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.