Tag: ONS
December 05 2023
House prices falling at steepest rate for 14 years
Figures released by the country’s biggest mortgage lender Halifax have revealed that UK house prices fell at their sharpest rate for 14 years. The data revealed that an average UK home has fallen in price by £14,000 to £279,659 in just one year. In August alone there was a drop of 4.6% compared to the...
April 03 2023
1.4 million fixed-term mortgages set to expire in 2023
With 1.4 million fixed-term mortgages set to expire in 2023, we take a look at what this means for borrowers. For 1.4 million home owners whose fixed-term mortgage is due to expire in 2023, their mortgage payments are likely to rise substantially. The Office for National Statistics (ONS) says that 57% of the UK’s fixed...
