The latter issue was exacerbated, following the disastrous 2022 “mini”-Budget, by rapidly increasing mortgage interest rates. This, plus the withdrawal of the Help to Buy scheme in March 2023 ...

The national mortgage and protection network’s latest bi-monthly Mortgage Affordability Index reveals that mortgage repayments accounted for 36.9% of the average borrower’s salary in March – down from ...

with sharp downturns as mortgage rates approached 8% in late 2023. Renter-occupied household growth exceeded owner-occupied growth in 2024, continuing a trend spurred by affordability challenges ...

Nationwide has adjusted its mortgage affordability calculation by reducing its stress rates by between 0.75 and 1.25 percentage points. The lender argued this adjustment will help applicants to ...

Nationwide has adjusted its mortgage affordability calculation by reducing its stress rates by between 0.75 and 1.25 percentage points. Nationwide is reducing both its standard stress rate and the ...

Mortgage rates increased for the first time ... One year ago, the rate on the 15-year fixed note averaged 6.28%. Housing affordability and supply have been ongoing challenges for many Americans ...

Mortgage rates remained flat this week ... ACCORDING TO REALTOR.COM Americans have faced an affordability crisis and supply issues in the housing market for years, making it difficult for first ...

The UK financial watchdog has announced plans to water down its rules on mortgage lending to make it faster and cheaper for people to get home loans. UK lenders will be freed from having to provide ...

The building society's alteration to its calculations of mortgage affordability means hopefully applicants will be able to borrow around £28,000 more from today. Article continues below ...

Over the past two months, a number of lenders have updated the way they assess mortgage affordability. When you apply for a mortgage, lenders carry out a 'stress test' to check whether you could ...

With rates still hovering near 7%, the city you buy in could make or break your mortgage affordability. In some markets, the majority of buyers are locking in sub-7% loans. In others, scoring a ...

Affordability, however, remains near historic lows — far below the 56% peak in Q1 2012. The effective composite interest rate rose to 6.93%, up from 6.76% in Q4 2024 and 6.86% in Q1 2024. Mortgage ...