The UK housing market experienced a 2% price decline in Q3 2025, per Halifax, as high interest rates and economic uncertainty dampened buyer confidence.
Average house prices fell to £280,000, with London and the South East hit hardest.
First-time buyers face challenges, with 40% of mortgages requiring over 30% of income.
The Bank of England’s rate hikes to curb inflation have increased borrowing costs, slowing transactions by 15% compared to 2024.
However, some regions, like the North West, saw modest growth due to affordability.
Experts predict stabilization by mid-2026 if rates ease.
Government schemes like Help to Buy remain underutilized, with calls for reform.
Leicestershire Live notes rising demand for rentals as buyers delay.
The market’s slowdown reflects broader economic pressures, with consumers urged to explore fixed-rate mortgages.
Newsletters provide updates on trends.
This situation mirrors post-2008 recovery challenges, emphasizing the need for targeted housing policies to support young buyers and stabilize prices.
2025-09-22 15:23:00
UK house prices rise just 1.2% in 2025, with high interest rates cooling demand, says Halifax.
2025-09-19 20:11:00
Finance experts are warning that hundreds of thousands of households could see their annual mortgage bills increase by nearly £4,000 as low fixed-rate deals expire.
2025-09-11 23:38:00
Londoners are purchasing the lowest proportion of houses outside the capital in over a decade due to stalling local prices and the shift back to office working.
2025-09-08 11:49:00
The latest data from UK Finance shows a rise in mortgage arrears and possessions in the second quarter of 2025, although lenders continue to offer support to struggling homeowners.
2025-08-28 18:25:00
Annuity rates for pensions have climbed to their highest levels in years, making now a potentially opportune time for retirees to purchase a guaranteed income stream.
2025-08-21 16:57:00
Homebuilder Persimmon has sold more homes but has warned that high mortgage costs are still a 'barrier' to buyers.
2025-08-21 12:48:00
Surveyors reported improved buyer enquiries and stabilising prices in July, hinting that BoE easing is feeding through.
2025-08-20 18:39:32
The Bank of England reduced rates by 25bp to 4.0%, with a closely divided MPC underscoring policy uncertainty.
2025-08-20 18:39:32
The Bank of England's Monetary Policy Committee voted to cut the base rate by 0.25 percentage points to 4.0%, marking the fifth consecutive cut in a year.
2025-08-20 18:39:32
BoE reduces rates as UK inflation spikes to 3.5%, signaling confidence in falling prices ahead.
2025-08-20 18:39:32
UK house prices increased by 0.4% in July, a larger-than-expected rise, according to the latest data from mortgage lender Halifax.
2025-08-20 18:39:32
Average UK house prices rose by 0.6% in July, recovering from a previous dip, according to Nationwide.
2025-08-20 18:39:32
The British Pound is experiencing its weakest month against major currencies in nearly two years.
2025-08-20 18:39:32
The Department for Work and Pensions confirms the £150 Warm Home Discount scheme will expand to include Universal Credit claimants from this winter.
2025-10-02 12:31:00
Lender Close Brothers has set aside an additional £33 million to compensate customers for overcharged car loans, marking a fresh blow amid the ongoing investigation into historical mis-selling in the UK car finance market.
2025-10-01 17:36:00
The state pension age is expected to rise again, leaving 1.5 million Britons in 'benefit limbo' who are too young to retire but have lost access to key benefits and tax credits.
2025-10-01 15:11:00
Chinese money launderer Zhimin Qian has been convicted in one of the UK’s largest-ever money laundering cases, bringing an end to a seven-year Met Police investigation into a global scheme to clean illicit cryptoassets by purchasing property.
2025-10-01 14:10:00
A new report has urged the government to accelerate the rise of the state pension age to 68, arguing that the welfare bill is becoming unsustainable and that past governments have 'treated the issue like a hot potato.'
2025-10-01 10:36:00
Asian shares traded in a narrow range as traders prepared for a potential US government shutdown, while Wall Street finished higher, boosted by technology stocks and US interest rate cut expectations.
2025-09-30 19:40:00
Replace bathtubs with groutless showers for easier cleaning, water savings, and timeless design.
2025-09-30 17:58:00
The Jersey Communication Foundation has distributed grants exceeding £23,000 to six local projects, aiming to create a 'level playing field' and tackle social mobility issues in the Teesside community.
2025-09-29 16:55:00
Bullion has hit a series of record highs, putting 2025 on track for gold’s strongest annual performance since 1979, driven by high inflation, interest rate volatility, and escalating geopolitical crises.
2025-09-29 16:45:00
Drivers advised to verify QR codes in car parks to avoid fraudulent payment sites.
2025-09-29 12:38:00
Use lemons, vinegar, and other foods for eco-friendly cleaning, avoiding harsh chemicals.
2025-09-28 19:25:00
US cattle and beef prices have soared to record highs amid tight domestic supply, strong consumer demand, and ranchers’ reluctance to expand herds, with restaurant owners forced to pass on soaring costs to diners.
2025-09-28 19:03:00
Gold is on track for its strongest annual performance since 1979, with bullion hitting a series of record highs driven by high interest rates, inflation, and increasing geopolitical crises.
2025-09-28 18:14:00
Wales’ new Visitor Levy has been signed into law, giving Welsh councils the choice to introduce a tourism tax on overnight stays, with the earliest possible implementation date now set for 2027.
2025-09-28 13:59:00
The Liberal Democrats warn that an estimated 1.3 million people will pay an additional £285 a year in a 'stealth tax' if the chancellor freezes income tax thresholds.
2025-09-23 16:21:00
22% of workers report money worries harming job performance, with 19% taking sick leave due to financial stress, per BSA research.
2025-09-23 13:26:00
BMW sets aside £206.9m for potential car finance mis-selling payouts amid FCA investigation.
2025-09-22 16:47:00