Nationwide, Santander and smaller providers drop prices this week
Banks and building societies cut prices for fourth consecutive week, but charges remain higher than a year ago
Reductions by Nationwide, HSBC, TSB and Halifax come as competition in home loan market intensifies
NatWest, Halifax and Virgin Money become the latest home loan providers to reduce cost of borrowing on some products
Surprise data comes ahead of Bank of England meeting this week
Bank to reduce the cost of residential products by up to 0.35 percentage points
Here’s what a 6% interest rate might mean for British households
Lenders under pressure over high mortgage costs and low saving rates low point to GDPR regime
Average price stands at £285,932 as rise in mortgage rates hits market
A cohort of people in their mid-30s have probably been pummelled twice by monetary policy over the past decade
Deal with Treasury comes as interest rates forecast to peak at 6.25% and house prices to fall 10%
Also in this newsletter: Xi’s ‘dictator’ fury, German carmakers and slave labour, pasta makers in hot water
Chancellor wants lenders to help struggling households more and rules out fiscal support
Surge in borrowing costs reflects shift in gilts and interest rate swaps
Chancellor will instead work with banks to help under-pressure borrowers, say his allies
Resolution Foundation says £12bn costs of rising rates have yet to hit most households
Mortgage provider’s data points to stronger market resilience but conflicts with other surveys
February’s figure of 43,500 is more than a third lower than a year earlier as interest rate rises bite
Nationwide figures show a greater than expected 1.1% drop in year to February
Insolvencies reach highest level since 2009 and mortgage approvals slide amid housing market downturn
Developers cut back on buying land in effort to ride out weaker market
Financial resilience of younger property owners hit by rising cost of borrowing
Some measures could include switching borrowers to interest-only deals
Repayment rates increase as buyers contend with soaring inflation and higher interest rates
Commercial landlord says outlook is increasingly challenging as interest rate rises bite
