The Latest Breaking News from Lucian Cook

UK Mortgage Market Cools as New-Home Approvals Drop 15% in May

In May, UK mortgage approvals hit an 18-month low at 56,205, as rising interest rates and economic uncertainty deterred buyers. Despite this, house prices continued to rise, creating a complex housing market.

International Business Times UK · Jun 30

Ten years on, how Brexit hit London house prices

London’s property market was booming… until the 2016 vote. But, asks Anna White, was the Leave result the only culprit for the dip?

Evening Standard · Jun 17

Over-60s hold £3.84 trillion of housing wealth in UK, property firm estimates

Older homeowners hold ‘high proportions of both owner-occupier and buy-to-let housing wealth’, Savills said.

Evening Standard · Mar 29

Baby Boomers hold more than half of the UK’s housing wealth

Savills also estimates the demographic still has around £60bn in outstanding mortgage borrowing

The Independent UK · Apr 27, 2025

Baby boomers are ‘sitting on £2.89 trillion of net housing wealth’

Millennials and Gen-Z have had ‘less opportunity to work their way up the housing ladder profitably’

Evening Standard · Apr 27, 2025

UK households spent a record £217 billion on housing costs in 2024

Housing costs were estimated by Savills to have been £8.6 billion higher last year than a previous peak in 2016

Evening Standard · Mar 24, 2025

Record £217bn spent by UK households on housing costs in 2024, study suggests

Housing costs were estimated by Savills to have been £8.6 billion higher last year than a previous peak in 2016, when adjusted for inflation.

The Independent UK · Mar 24, 2025

‘Much-needed confidence boost’ for home buyers as mortgage rates fall

The typical borrower on a tracker deal will see their monthly payments decrease by £28.98 following Thursday’s base rate cut.

The Independent UK · Feb 6, 2025

'Buyer’s market’ predicted for next year with higher negotiating power and more house sales

First-time buyer activity could be ‘front-loaded’ in 2025 and increasing numbers of mortgaged owner-occupiers may return to the market

Evening Standard · Dec 31, 2024

Why property experts are predicting 2025 will be a ‘buyer’s market’ with sales boom

First-time buyer activity could be ‘front-loaded’ in 2025 and increasing numbers of mortgaged owner-occupiers may return to the market, experts said.

The Independent UK · Dec 31, 2024