London house prices to ‘fall 10 per cent by autumn’ as interest rate rises send mortgage payments soaring

London buyers will be particularly vulnerable to a slump as interest rate rises on large loans push up mortgage payments London home owners were today warned of a 10 per cent slump in property prices by the autumn as higher interest rates send mortgage payments soaring. Leading City forecaster Samuel Tombs, chief UK economist at research firm Pantheon, said the capital is particularly vulnerable to a slump because London buyers have to take on such large loans to scramble on the property ladder. In a UK Housing Watch analysis of the market he…

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New childcare funding could add £100,000-plus to London homebuyers’ budgets

From being able to afford a first property to redrawing a search map entirely, home loan experts explain how the new childcare support could help young families in the capital New childcare support announced by the Chancellor in his Spring Budget last week could add tens of thousands of pounds to the property budgets of new and expecting parents across the capital.Mortgage experts said the measures, which are due to be rolled out in stages from April 2024 to September 2025, could be transformational for prospective London home buyers with young families. Chancellor Jeremy Hunt promised to end the “cliff…

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When is Easter 2023 and when are the school holidays?

How to celebrate the Christian festival — and when you can eat your weight in chocolate bunnies. Easter is the most important date in the Christian calendar, and it’s also a major secular holiday, too.For Christians, Easter is the day of the crucifixion and resurrection of Jesus Christ. It also marks a four-day bank holiday weekend, giving the opportunity to get away, plan a fun family day out, and eat your body weight in chocolate eggs and bunnies. Holy Saturday and Easter Sunday are the main bank holidays, and they’re sandwiched between Good Friday and Easter Monday.…

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