House prices hit record high, says Halifax

Quick Summary:

Despite the increase, the lender warns mortgage costs could remain "higher for longer" following the Budget.

However, the Bank is still expected to cut its key rate to 4.75% from 5% later on Thursday.

However, it warned that mortgage costs could remain "higher for longer" following last week's Budget.

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Article Details

Category: Business

Markets: United KingdomIreland

Topics: Price Prices Record House Last Halifax £293 Reached Mortgage Average

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 08:39:20 (12 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 273 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23459343

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About BBC Business

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Official Website: bbc.co.uk

Update Frequency: 7 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10 hours ago

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