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.
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.
Homebuilder Persimmon has sold more homes but has warned that high mortgage costs are still a 'barrier' to buyers.
Surveyors reported improved buyer enquiries and stabilising prices in July, hinting that BoE easing is feeding through.
UK house prices increased by 0.4% in July, a larger-than-expected rise, according to the latest data from mortgage lender Halifax.
Average UK house prices rose by 0.6% in July, recovering from a previous dip, according to Nationwide.
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