Home buyers return to market as mortgage rates fall
Property market sees biggest 'New Year bounce' since 2016 as demand rises
Property market sees biggest 'New Year bounce' since 2016 as demand rises
Rising rates have forced many to extend their loan – saddling them with more interest
Fixed-rate mortgages are typically cheaper than variable rates, but that changed this year
Hundreds of thousands of leaseholders trapped in flats with dangerous cladding will now be able to sell, mortgage companies confirm
Half are signing up to terms of more than 30 years, up from a quarter a decade ago
Ministers met with regulators and banks amid fears borrowers will fall into arrears
Borrowers still face spending around £10,000 more on loans than last year
Lenders continue to shun ‘riskier’ borrowers amid a falling property market
Mortgage rates spiked following the market backlash to the mini-Budget
Borrowers eye up ‘tracker’ deals in anticipation of interest rate falls
Investors have since revised down their expectations for the peak in the Bank Rate
Inflation far outstrips savings rates, with average easy access Isa paying just 1.37pc
Rates fall hailed as a sign that the market is recovering from mini-Budget chaos
Number of landlords attempting to evict tenants has also surged
Brokers say demand for 'tracker' deals are a ten-year high
A typical homeowner might save £229 a month by switching to a longer term – but would end up paying an extra £162,170 in interest
Halifax and Virgin Money among first lenders to make reductions
A house price crash as large as that seen during the financial crisis would not make homes cheaper to buy
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Yes rates were much higher, but buyers today don't benefit from this now-extinct policy