The Halifax survey shows confidence in the housing market is at a five year low with one in five thinking prices will fall.
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Monthly Archives: October 2017
The cost of a fixed rate mortgage has increased for first time buyers and the Bank of England is expected to raise base rates next month.
English market towns command a £30,000 premium from homeowners or 12% more compared to living in neighbouring towns.
First time buyers in London can expect to pay less to get on the property ladder as house prices fall and expectations remain negative.
Homeowners showed resilience with borrowings from home movers rising to £8.4 billion up 20% compared to August last year.
The government has pledged £10 billion for the Help to Buy scheme to fund 135,000 first time buyers to get on the property ladder.