
Our homes are the second-highest producers of carbon every year in the UK. New-build developers want to change that. Here's how.
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Our homes are the second-highest producers of carbon every year in the UK. New-build developers want to change that. Here's how.

More home buyers are negotiating discounts of 5% or more than at any time in the last 5 years.

After a relatively buoyant start to 2023, recent mortgage rate rises are hitting buying power and more sellers are now offering discounts.

Falling mortgage rates over H1 2023 boosted sales and led to firmer prices. This is set to reverse in H2 as higher mortgage rates hit buying power at a time when sellers are having to accept larger discounts to asking prices.

As lenders withdraw some of their products, we take a look at what’s triggered the current turmoil in the mortgage market and what buyers and homeowners can do.

The Bank of England’s latest increase adds a further £60-a-month to repayments for homeowners with a £200,000 variable mortgage.

Core inflation rose to a new 31-year high in May, suggesting the Bank of England will have to increase interest rates by more than previously expected.

In a fiercely competitive rental market, where costs are rising and too few homes are available, what can renters do?

Annual rental inflation for new lets is up 10.4% year-on-year, with rents taking up the highest proportion of earnings in a decade at 28%. Meanwhile, 51% of landlord sales are happening in London and the South East.