The Cost of Living and Mortgage Affordability
June 2, 2023
The cost of living crisis reduced the financial room available to many UK mortgage borrowers during 2023. UK inflation reached 8.7% in April 2023. Food prices,
The cost of living crisis reduced the financial room available to many UK mortgage borrowers during 2023. UK inflation reached 8.7% in April 2023. Food prices,
How to Qualify for a No-Deposit Mortgage: A no-deposit mortgage may allow an eligible buyer to borrow the full purchase price of a home. These
Bank Rate Rises to 4.25%: The Bank of England increased Bank Rate from 4% to 4.25% on 23 March 2023. Tracker mortgage payments could rise shortly
Higher Living Costs and Mortgage Affordability: During late 2022 and early 2023, mortgage affordability weakened due to two interrelated pressures. Mortgage rates increased, making new borrowing
UK House Price Growth: UK annual house price growth slowed to 4.4% in November 2022, compared with 7.2% in October. Prices also fell by 1.4%
