By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    UAE may downgrade diplomatic ties if Israel annexes West Bank
    September 18, 2025
    Pakistan’s trade deficit surges past $6bn in July-Aug FY 2025-26
    September 18, 2025
    Pakistan to repay $500m Eurobond by end of September
    September 18, 2025
    Pakistan meets most IMF conditions ahead of review mission
    September 17, 2025
    PM Shehbaz welcomes establishment of Mashreq Digital Bank
    September 16, 2025
  • Politics
    PoliticsShow More
    Trump suggests Starmer could use military to control UK borders
    September 18, 2025
    President Zardari visits Urban Operations and Management Centre in Urumqi
    September 18, 2025
    Trump says he disagrees with UK on recognising Palestinian state
    September 18, 2025
    IHC reinstates PTA chairman, suspends single bench ruling
    September 18, 2025
    Chaudhry praises Shehbaz, COAS for bolstering Pak-Saudi ties
    September 18, 2025
  • Technology
    TechnologyShow More
    AI could boost global trade by 40% by 2040: WTO report
    September 18, 2025
    Four Indian-sponsored terrorists gunned down in Khuzdar: ISPR
    September 18, 2025
    Apple’s iOS 26 introduces a temporary issue along with liquid glass magic.
    September 16, 2025
    Meta to debut costlier smart glasses with display
    September 16, 2025
    YouTube introduces new AI tools for Shorts creators
    September 16, 2025
  • Sports
    SportsShow More
    Asia Cup 2025: Sri Lankan cricketer Dunith Wellalage’s father dies
    September 18, 2025
    Arshad Nadeem’s medal hopes dashed at World Athletics Championships
    September 18, 2025
    Asia Cup 2025: Afghanistan win toss, elect to bat first against Sri Lanka
    September 18, 2025
    Arshad Nadeem explains why he didn’t win the world tournament.
    September 18, 2025
    Arshad Nadeem vs Neeraj Chopra in World Athletics clash today
    September 17, 2025
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
Reading: The ‘biggest difficulty’ for homeowners is mortgage costs.
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Business > The ‘biggest difficulty’ for homeowners is mortgage costs.
BusinessEcnomics

The ‘biggest difficulty’ for homeowners is mortgage costs.

According to the largest mortgage provider in the UK, mortgage costs continue to be the largest obstacle for prospective homeowners and those nearing the end of fixed-term agreements.

Last updated: 2024/07/05 at 10:13 AM
Published July 5, 2024
Share
1 Min Read
SHARE

While house price growth is still tame and salaries are improving, rising interest rates should eventually ease the stress that comes with them, according to Amanda Bryden, Halifax’s head of mortgages.
The average UK property price fell by 0.2% in June but remained essentially stable overall, according to the lender’s most recent estimates.
According to Halifax, the average price of a home in the UK was £288,455 last month, slightly less than £288,931 in May.
Prices increased 1.6% over the previous year, in line with recent data from the Nationwide Building Society.

The market, according to Ms. Bryden, was “delicately balanced” and susceptible to changes in the Bank of England’s base rate occurring swiftly.
In an effort to combat skyrocketing inflation, the UK’s central bank started raising its benchmark interest rate in late 2021. Prices increased as supply chain constraints resulted from the relaxation of pandemic-related limitations, and after Russia invaded Ukraine, the cost of food and energy surged.
At 5.25%, the bank’s base rate is at its highest point in sixteen years.
Nonetheless, the bank seemed to imply that it might lower rates at its upcoming meeting on August 1st during its most recent rate-setting session.

You Might Also Like

ECC approves $390 million financing to lay 1,350 km track for mineral exports

Gold rate in Pakistan today: Sept 18, 2025

UAE may downgrade diplomatic ties if Israel annexes West Bank

Pakistan’s trade deficit surges past $6bn in July-Aug FY 2025-26

Pakistan to repay $500m Eurobond by end of September

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin July 5, 2024 July 5, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article Germany looked up to Spain as an example, but we think we can defeat them now.
Next Article Sunak acknowledges accountability for the historic Tory loss.
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

Newborn baby buried alive in India fights for her life
News September 18, 2025
America is at a dangerous crossroads following the Charlie Kirk shooting
Crime and Juistice September 18, 2025
Trump suggests Starmer could use military to control UK borders
Politics United States September 18, 2025
President Zardari visits Urban Operations and Management Centre in Urumqi
Pakistan Politics September 18, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Baner ClubBaner Club
Follow US
© 2025 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Registration is currently disabled.
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
Welcome Back!

Sign in to your account

Lost your password?