{"id":130422,"date":"2022-10-02T14:00:31","date_gmt":"2022-10-02T07:00:31","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-buyers-left-powerless-as-mortgage-deals-hang-in-balance\/"},"modified":"2022-10-02T14:18:42","modified_gmt":"2022-10-02T07:18:42","slug":"uk-house-buyers-left-powerless-as-mortgage-deals-hang-in-balance","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-buyers-left-powerless-as-mortgage-deals-hang-in-balance\/","title":{"rendered":"UK house buyers \u2018left powerless\u2019 as mortgage deals hang in balance"},"content":{"rendered":"


\nChancellor\u2019s mini-budget sees home loans withdrawn and purchasers left in limboHomeowners and potential buyers have been left feeling \u201ctotally powerless\u201d this weekend as thousands wait to find out whether their mortgage deals will now cost them hundreds of pounds extra a month while brokers report people already pulling out of the market or preparing to downsize.The chancellor Kwasi Kwarteng\u2019s mini-budget on 23 September has resulted in 40% of mortgage products being withdrawn in the past week, with many potential buyers still waiting to hear what they will pay and others being offered higher rates or reduced loan sizes. Continue reading…
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\nSource : theguardian.com
\nRead more…UK house buyers \u2018left powerless\u2019 as mortgage deals hang in balance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chancellor\u2019s mini-budget sees home loans withdrawn and purchasers left in limboHomeowners and potential buyers have...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-130422","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-xVA","jetpack-related-posts":[{"id":143149,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-buyers-how-to-pick-a-mortgage-and-the-best-uk-deals\/","url_meta":{"origin":130422,"position":0},"title":"First-time buyers: how to pick a mortgage and the best UK deals","date":"March 22, 2024","format":false,"excerpt":"\r Trying to choose between a fixed rate and a tracker, or thinking about getting help from family? Here are the optionsTrying to work out which mortgage is the right one for you can be daunting for anyone, but especially for a first-timer. There are more than 6,000 residential mortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137313,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-pulls-some-uk-mortgage-deals-as-fears-of-rising-rates-hits-home-buyers-once-more\/","url_meta":{"origin":130422,"position":1},"title":"HSBC pulls some UK mortgage deals as fears of rising rates hits home buyers once more","date":"June 9, 2023","format":false,"excerpt":"\r Analysts expect mortgage rates to soar and housing prices to plummet in the U.K., as the effect of higher interest rates ripples through the British housing market.\r \r Source : cnbc.com\r Read more...HSBC pulls some UK mortgage deals as fears of rising rates hits home buyers once more","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137271,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housebuilders-cut-back-on-construction-as-uk-mortgage-rate-rises-spook-buyers\/","url_meta":{"origin":130422,"position":2},"title":"Housebuilders cut back on construction as UK mortgage rate rises spook buyers","date":"June 6, 2023","format":false,"excerpt":"\r Work on residential building sites slips in May to weakest level since 2009UK banks pull hundreds more mortgage deals as fixed rates riseBritain\u2019s housebuilders are cutting back on the construction of new homes amid signs that potential buyers are being spooked by the prospect of fresh increases in mortgage\u2026","rel":"","context":"In "Property 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mortgage deals pulled as panic grips UK housing market","date":"September 29, 2022","format":false,"excerpt":"\r Borrowers unable to secure loans and provisional offers withdrawn as some pay huge penalties to lock in longer fixed ratesBank launches emergency intervention after Kwarteng mini-budgetTreasury defends plans despite market turmoilAlmost 1,000 mortgage packages were pulled overnight from the British market as panic seeps into the housing market in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137131,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-and-first-time-buyers-warned-to-brace-for-5-plus-mortgage-rates\/","url_meta":{"origin":130422,"position":5},"title":"UK homeowners and first-time buyers warned to brace for 5%-plus mortgage rates","date":"May 25, 2023","format":false,"excerpt":"\r Lenders forced to raise fixed-term deals after latest inflation figure pushed swap rates upwardsHouseholds looking for a new mortgage deal have been warned to expect 5%-plus fixed-rate deals in the coming weeks, after Wednesday\u2019s inflation figures sent the money markets back into turmoil.Nick Mendes, mortgage technical manager at brokers\u2026","rel":"","context":"In "Property 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