House price slump blamed on World Cup and heatwave Property House prices made a surprise drop in June because Brits are too busy watching the World Cup to move home, Rightmove has said. The average UK house price dropped by 0.6 per cent to £376,191 this month, according to the property portal, marking the biggest June fall in 14 years. Rightmove said this “unusual” slump [...]
Housebuilder Bellway warns mortgage rate hikes dampening housing demand Property Bellway has said that recent rises to mortgage rates as a result of the Iran war are dampening demand for housing, on top of rising building cost inflation due to the conflict. The FTSE 250 housebuilder said it has seen a “moderation” in customer demand in April and May, bringing an end to a “positive” [...]
Mortgage approvals jump to 15-month high despite Iran war chaos Property Mortgage approvals made a surprise jump to a 15-month high in April, despite continued signs that the economic chaos caused by the Iran war is shaking confidence in the property market. Net mortgage approvals jumped three per cent to 65,900 in April, above the six-month average of around 63,100, according to Bank of England data. [...]
House prices fall again as property market ‘deteriorates’ June 1, 2026 House prices fell again in May as the mortgage rate hikes and surging energy bills caused by the Iran war continued to take their toll on the UK’s fragile property market. The UK’s average house price fell by 0.6 per cent to £278,024 in May, compared to 0.4 per cent growth in April, according to [...]
Nationwide income soars on consumer lending boost May 21, 2026 Nationwide booked a hefty jump in its annual income as the building society benefited from a boost in consumer lending and clawed out a bigger market share of mortgage balances. The mutual recorded a 22 per cent jump in total income to £6.4bn, which was up from £5.2bn in the previous year, led by a [...]
Housing market ‘still in grip’ of Iran war slump May 14, 2026 The UK housing market is “still in the grip” of an Iran war slump as higher mortgage rates and inflation fears weigh on buyer and seller demand. Brits are still holding back on buying homes as average house prices slip further, a market survey by the Royal Institution of Chartered Surveyors (RICS) has revealed. The [...]
Lloyds shares drop after income upgrade on higher interest rates April 29, 2026 Lloyds Banking Group has upgraded its income targets for the year as the bank expects to bring in more cash as interest rates remain elevated from the Iran war. The FTSE 100 financial giant – which counts Lloyds Bank, Halifax and Bank of Scotland among its subsidiaries – said it expects net interest income to [...]
Londoners wait far longer to sell homes as stamp duty weighs on confidence April 29, 2026 The wait for a London house sale is six days longer now than last year, as the capital sees the “greatest impact” from stamp duty and the Iran war’s hit to property confidence. The average time it takes for a house in the capital to be snapped up once it is listed on the market [...]
Barclays sweetens mortgage deals as interest rate decision takes focus April 22, 2026 Barclays has become the latest bank to wade into the flurry of mortgage rate cuts as lenders turn their attention to next week’s interest rates decision. The FTSE 100 giant cut rates across more than 20 mortgage products from Wednesday morning. It follows on from a slew of reductions from the likes of HSBC UK, [...]
Santander and TSB kick off mortgage rate cuts after Iran turmoil April 16, 2026 Santander and TSB have kicked off the mortgage rate cutting cycle after lenders pulled deals and hiked their rates amidst the turmoil in Iran. From Thursday, Santander said it would be lower the price on higher loan-to-value (LTV) mortgages products by near 0.3 per cent, which includes its two-year fixed, first-time buyer products. Meanwhile, TSB said it [...]