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National Savings and Halifax Raise Interest RatesHIGHER mortgage and savings rates are now assured after Halifax Building Society, Britain's largest mortgage lender, and National Savings announced increased rates yesterday.Vivien GoldsmithMoney Editor...
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Halifax said the housing market remained 'sound' as interest rates are low and set to fall to 4.25 per cent by the end of this year, employment is higher than in 2004 and mortgage payments account for only a fifth of the incomes of new buyers. No move in house prices says Halifax The...
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Halifax said average house prices hit a record high of 293,999 pounds ($380,288), edging past a previous peak of 293,507 in June 2022 when the Bank of England was raising interest rates and shortly before the 'mini-budget' crisis which pushed up mortgage rates sharply. ...
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"Record low interest rates have also been supportive, pushing house price-to-income ratios to reach historic highs. "This has particularly stretched first-time buyer affordability, however, as raising a suitable deposit continues to be a significant barrier for many looking to get onto the property...
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