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.
Major lenders reported modest monthly house price gains in July, consistent with a gradual, rate-driven recovery.
Headline mortgage deals for first-time buyers and remortgagers fell further, with the cheapest fixes starting around 3.7–3.9%.
Surveyors reported improved buyer enquiries and stabilising prices in July, hinting that BoE easing is feeding through.
The Bank of England reduced rates by 25bp to 4.0%, with a closely divided MPC underscoring policy uncertainty.
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.
UK house prices increased by 0.4% in July, a larger-than-expected rise, according to the latest data from mortgage lender Halifax.
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