![]() ![]() This is 60 per cent more than the five-year average. This will see house prices continue their decline, falling by 10 per cent during the remainder of this year and next.'Īround 6.5 per cent of homes are selling for more than 5 per cent under the asking price. 'However, more pain will build in the system as fixed-rate mortgages continue to be renewed at higher rates, with the higher cost borrowing acting as a drag on the UK property market. ![]() The news offers a glimmer of hope for homeowners, who have been struggling with the mortgage shock when coming off lower fixed rates.Ĭhris Druce, senior research analyst at Knight Frank, said: 'Growing expectations that we may be nearing the peak for interest rates as inflation slows will help to settle buyers' frayed nerves in the coming months, but the affordability challenge will remain. MIDAS SHARE TIPS UPDATE: Pawnbroker H&T’s bright prospects - and thriving jewellery business too.MERCANTILE INVESTMENT TRUST chief Guy Anderson: Why it's time to be greedy.Number of 'dog funds' underperforming benchmarks soars: Are your savings in the dog house?.Not the usual suspects: Nine stocks which could profit from AI that aren’t Nvidia or tech mega-caps.I was steeled for battle after our stay was cancelled but bravo to for customer service, says SIMON LAMBERT. ![]() Help! Scammers took £3,500 from my business account and I had to chase Monzo to call me back for weeks.Banks reeling in students with cash bribes: We list the SEVEN offering £100 to open a bank account.Wilko in administration: What are your refund rights as a customer and what happens to gift cards and vouchers?.New death levy being considered by the Government could cost grieving widows and widowers an extra £13,000 in tax.New warning over 'Hi Mum' text scam: How fraudsters have sunk to new depths in bid to con cash from vulnerable Brits.Wages set to rise faster than prices for first time in more than a year, figures expected to show.Use of cutting-edge AI could speed up the development of new medicines, says GlaxoSmithKline.Female FTSE 100 bosses narrow pay gap with men: GSK chief Emma Walmsley leads race to smash glass ceiling.Back to the shop floor for Nish Kankiwala: John Lewis' first-ever chief executive has toughest job in retail.Wilko paid out £77m to owners and former shareholders of stricken retail chain in decade before its collapse.MIDAS SHARE TIPS: Electrify your funds with Equipmake, engine maker for 258mph Rimac Nevera supercar.Magazine row is harming Saga’s reputation.Feeling wealthy or not? The report that shows you can judge a nation by its middle class, says HAMISH MCRAE.Five £100,000 Premium Bond prizes have never been claimed: Could you be a winner without realising?.Steven Berkoff tells ME & MY MONEY: I gave up film roles for the theatre, but now I never go – it’s too expensive.could the pounds in YOUR pocket be worth thousands? As we reveal the numbers of the last ‘Queen’ banknotes.Financial advice? There was none in this loan deal: TONY HETHERINGTON investigates £25,000 spent on shares.Mortgage mayhem has stalled but what happens next and how far will rates fall? This is Money podcast.Will banks' new limits force us to go cashless? NatWest's lead to restrict amount of cash customers can withdraw or deposit. ![]()
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