Lenders pulled nearly 1,000 mortgage deals from the market yesterday as analysts predict a house price crash within months.
Banks including HSBC and Santander suspended offers to new customers amid fears they would not be repaid, with interest rates expected to double next year.
‘I think we can expect to see a significant fall in house prices, perhaps around ten per cent next year,’ said Ray Boulger of mortgage brokers John Charcol. Chancellor Kwasi Kwarteng met finance bosses yesterday as the Bank of England stepped in to buy bonds
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sex differences in human running performance: smaller gaps at shorter distances? | Journal of Applied PhysiologyHuman, but not canine or equine running performance, is significantly stratified by sex. The degree of stratification has obvious implications for classification and regulation in athletics. However, whether the widely cited sex difference of 10-12% applies equally to sprint and endurance running events is unknown. Here, different determining factors for sprint (ground force/body mass) vs. endurance performance (energy supply & demand) and existing trends, led us to hypothesize that sex performance differences for sprint running would increase with distance and be relatively small. We quantified sex performance differences using: 1) the race times of the world's fastest males and females (n=40 each) over a 15-year period (2003-2018) at nine standard racing distances (60-10,000m), and 2) the 10-meter segment times of male (n=14) and female (n=12) athletes in World Championship 100-meter finals. Between-sex performance time differences increased with sprint event distance [60m-8.6%, 100m-9.6%, 200m-11.0%, 400m-11.7%] and were smaller than the relatively-constant mean (12.4±0.3%) observed across the five longer events from 800-10,000 meters. Between-sex time differences for the 10-meter segments within the 100-meter dash event, increased throughout spanning 5.6% to 14.2% from the first to last segment. We conclude that sex differences in sprint running performance increase with race and running distance.
Read more »
'I’d be worried if I were selling my house now'With fears of interest rates rising again, mortgage lenders are pulling deals - but what does this mean for first-time buyers and homeowners in Greater Manchester?
Read more »
Mortgage lenders pull deals due to interest rate rise fearsVirgin Money and Skipton will suspend mortgage offers to new customers as lending costs soar.
Read more »
Mortgage lenders including Clydesdale Bank pull hundreds of deals in wake of interest rate rise fearsHundreds of mortgage deals have vanished from the market as a fall in the value of the value of the pound led to forecast of highter interest rates.
Read more »
More mortgage lenders pull deals on rate rise fearsAs some mortgage lenders pull deals, Newsnight presenter KirstyWark investigates in Liverpool what the rise in interest rates will mean for: 👉 Mortgage repayments 👉 Cost-of-living crisis 👉 Prospective homeowners
Read more »