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The UK housing market is facing a crisis as mortgage rates rise and house prices continue to plummet. With mortgage borrowing at record lows, existing homeowners are facing financial strain, while future buyers are holding off in hopes of a further price drop. As the crisis worsens, we explore the potential consequences for owners, buyers, renters, and the housing market.
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1 – https://www.youtube.com/watch?v=rt2pz9zN254
2 – https://www.newstatesman.com/business/2023/06/uk-mortgage-rates-rising-ticking-bomb
3 – https://www.ft.com/content/a9ec90f5-ade0-4d15-8160-1418000e3d49
4 – https://www.bloomberg.com/news/newsletters/2023-06-01/the-respite-period-for-uk-housing-is-over
5 – https://www.theguardian.com/money/2023/jun/01/uk-house-prices-fall-nationwide-high-interest-rates
6 – https://www.theguardian.com/money/2023/jun/01/uk-house-prices-fall-nationwide-high-interest-rates
7 – https://www.bloomberg.com/news/articles/2023-06-02/britain-s-housing-market-is-struggling-with-more-pain-to-come
8 – https://www.ft.com/content/a087ec45-7032-4c33-a3fb-5f120e222d0e
9 – https://www.ft.com/content/5d2b9983-2f4c-4a1b-a781-5ca3ceed06f1
10 – https://www.ft.com/content/a087ec45-7032-4c33-a3fb-5f120e222d0e
11 – https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/april2023#latest-movements-in-cpi-inflation
12 – https://www.ons.gov.uk/economy/inflationandpriceindices/articles/newestimatesofcoreinflationuk/2022
13 – https://www.thetimes.co.uk/article/housebuilders-flag-on-news-of-falling-values-0wcdb0058
14 – https://www.ft.com/content/c39aef31-4daa-405c-a84b-29f31a7d74f8
15 – https://www.ft.com/content/69632bc0-dec9-4a67-a9d0-cd64c4bd832c
16 – https://twitter.com/nickmacpherson2/status/1668711908390629378
17 – https://researchbriefings.files.parliament.uk/documents/CBP-9428/CBP-9428.pdf
18 – https://www.bbc.co.uk/news/business-58738741
19 – https://www.bbc.co.uk/news/business-65856683
20 – https://www.barclays.co.uk/mortgages/mortgage-calculator/interest-rate-calculator/#/interestresults
21 – https://www.thetimes.co.uk/article/cost-of-remortgaging-soars-by-nearly-40-in-four-years-2nmxzkngw
22 – https://www.bloomberg.com/news/articles/2023-06-09/hsbc-among-uk-banks-pulling-mortgage-deals-from-the-market-again
23 – https://www.theguardian.com/money/2023/may/30/uk-mortgages-deals-pulled-interest-rate-fixed-term-loans-moneyfacts
24 – https://www.theguardian.com/money/2022/jun/25/uk-mortgage-stress-test-first-time-buyers
25 – https://www.theguardian.com/money/2022/jun/25/uk-mortgage-stress-test-first-time-buyers
26 – https://www.bbc.co.uk/news/business-65856683
27 – https://www.thetimes.co.uk/article/soaring-rents-may-turn-housing-crisis-into-disaster-say-experts-62997n25q
28 – https://inews.co.uk/news/politics/rishi-sunak-call-early-general-election-this-year-mortgage-rate-crisis-mps-2410604
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