Potential Turbulence Ahead for UK Property Market as Housing Prices See Sharpest Annual Decline in Nearly 14 Years
The property market could face more turbulence, with the most significant annual decrease in housing prices since July 2009, and increasing likelihood of interest rate hikes, reports Nationwide. The building society predicts a subdued near-term market, while other property analysts fear that buyers and sellers may see even more challenging times. The housing market’s recent […]
UK Mortgage Lender to Offer First 100% Loans Since 2008 Crisis
Skipton Building Society, a UK mortgage lender, is set to introduce a mortgage product targeting potential first-time buyers who are unable to save for a deposit. This initiative marks the first 100% loan offering by a mortgage lender since the 2008 financial crisis. In the aftermath of the crisis, mortgages without a deposit requirement became […]