Mortgage Defaults Rise 30% in Three Months says the Bank of England... and lenders expect more missed payments triggered by soaring rates
BTL landlords are expanding their portfolio as tenant demand continues to rise.
New research aims to address the age-old debate of which generation has it worse when it comes to housing affordability.
It shows the decline in general market conditions in recent months.
Agents have been urged to price realistically as Rightmove revealed data showing the impact of asking price reductions.
Annual house price growth was broadly stable at -3.5% in June, little changed from the 3.4% decline recorded in May.
JPMorgan has warned of a major risk the Bank of England may have to raise interest rates as high as seven percent to deal with inflation, and trigger a "hard landing" to sort out Britain's economy.
Lettings chain Fine & Country says rents are likely to steadily rise through the summer.
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