mortgage statistics

House Repossession

Home repossessions on the decline despite rising mortgage costs

The latest market analysis from property purchasing specialist, House Buyer Bureau , reveals that since the Bank of England started raising interest rates at the end of 2021, the number of homes being repossessed by money lenders has significantly decreased, bucking the expected trend that more and more people would lose their homes as mortgage payments go up.

In December 2021, the...

Mortgage repayments

Mortgage repayments hit highest point since 2010

The latest market analysis by mortgage experts, Revolution Brokers , reveals that homebuyers are now paying the most expensive monthly mortgage repayments since 2010, but that today’s costs still remain a long way off historic highs.

Official figures released by the Bank of England this week show that the number of mortgage approvals in the UK has dropped in the past month. And while...