While cuts to the Bank Rate may offer temporary relief, a recent report from the Bank of England predicts that mortgage payments will continue to rise for approximately three million households by 2026. Homeowners should prepare for these upcoming changes to ensure they are financially ready.
With a decisive election victory for Labour, significant changes are on the horizon for the UK housing market.
The Levelling Up, Housing and Communities (LUHC) committee has launched an inquiry to explore ways to improve the house buying and selling process.
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