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UNCOVERED: 13 - The Untold Story

Average UK house sale price suffers first annual fall for 11 years

ONS says average price dropped 0.1% year on year in September, with those in London decreasing 1.1%

The Guardian - UK

Today's mortgage rates could look very good in a few months

City Comment: There’s a lot to be said for stability and visibility of what the future might look like. Just ask the Prime Minister.

Evening Standard

The major lenders announcing new mortgage rate cuts

First Direct is making mortgage rate cuts of up to 0.40 percentage points and Halifax is cutting rates by up to 0.46 percentage points

The Independent UK

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lenders cutting mortgage rates

First Direct is making mortgage rate cuts of up to 0.40 percentage points and Halifax is cutting rates by up to 0.46 percentage points.

The Independent UK

House prices: only four London boroughs see property values rise as Powys in Wales performs strongest in 2023

Only four London boroughs saw any house price growth so far this year, as property in remote beauty spots soars in value

Evening Standard

Britain’s house price hotspots that are bucking the market cooldown revealed

Some locations highlighted in the research released by Halifax have rural surroundings and incorporate areas of outstanding natural beauty.

The Independent UK

Halifax sorry for letter describing Israeli city as occupied Palestine

A letter sent by the bank to a British-Israeli man said Tel Aviv was ‘occupied’ Palestinian land

The Independent UK

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House prices rise for the first time in six months, say Halifax - but are still lower than a year ago

A lack of supply has strengthened prices in the short-term, mortgage providers said

The Independent UK

Average London house price down £1,600 despite national jump, says Halifax

Experts predict that house prices will keep on falling until at least 2024

Evening Standard

FTSE 100 live: House prices higher, grocery inflation falls below 10%, blue-chip shares steady

The first Marks & Spencer dividend in four years amid the latest signs of turnaround progress today sparked a big jump for the retailer’s shares.

Evening Standard

Average UK house price jumped by about £3,000 in October, says Halifax

A low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.

The Independent UK

UK house prices rise for first time since March amid supply shortages

Market likely to fall in short term amid high interest rates and living cost pressures, says Halifax

The Guardian - UK

UK interest rate cuts expected in 2024; German recession risks rise as factories struggle; oil price drops – as it happened

The yield on UK government bonds drops as the City expects interest rates cuts next summer, as German factory output falls again

The Guardian - UK

House prices rose by 1.1% in October says Halifax

Bank says sellers are being cautious leading to few homes for sale

Evening Standard

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The Guardian - UK

A property price rise in the UK could be the Tories’ last election trump card

With the market expected to improve this year, the Conservatives will doubtless seek to exploit the reliable vote-winning tool

The Independent UK

Map reveals best areas to move for first time buyers

Youngsters are willing to move across the country to be able to afford a home

The Independent UK

‘Up-and-coming’ locations for first-time buyers revealed

Halifax based its analysis on house prices, as well as factors that first-time buyers indicated are desirable, such as links to cities and schools.

Evening Standard

Buyer’s market: London house prices down 4.8 per cent reports Halifax

London has seen the biggest fall in house prices in cash terms of any UK region

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The Guardian - UK

Buyer’s market fuels fastest fall in UK house prices in 14 years

High mortgage costs result in sixth straight month of sellers being forced to reduce prices, says Halifax

The Guardian - UK

Bond yields rise after US jobs report smashes forecasts – as it happened

Rolling coverage of the latest economic and financial news, as US non-farm payroll shows surge in hiring last month

The Independent UK

UK house prices have proven more resilient than expected, says Halifax

Despite recent house price falls,the average property value remains more than £39,000 above pre-pandemic levels, Halifax said.

The Guardian - UK

First-time buyers in UK drop by a fifth as higher mortgage costs bite

Lender says homes needing renovation are most in demand as people seek cheaper properties

Evening Standard

Number of first-time buyers in London plummets amid housing affordability crisis

The number of first-time homeowners is down 24 per cent in London year-on-year, data shows

The Guardian - UK

UK mortgage war ‘under way’ as lender offers 4.99% fixed rate

Brokers say borrower confidence likely to lift after the first below 5% deal surfaces since June with more offers likely soon

The Week

House prices fall at fastest pace since 2009 – and more pain expected

High interest rates and the customary summer slump have been blamed after UK house prices suffered their sharpest annual drop in 14 years.

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