The UK’s housing market is continuing on an upward trend, with the latest figures showing a 0.8% increase in property prices in the months to July.
Would-be homeowners in the UK are struggling to keep pace with the housing market, as a recent study has revealed that the last decade has seen property prices rise at three times the rate of wage increases.
Average asking prices fell 1.7% (£4,138) this month – the first time since January according to property website Rightmove.
The number of Brits thinking about remortgaging their property is on the rise. As the cost of living takes its toll and millions are living on a financial knife-edge, reports of a rise in remortgaging may come as no surprise.