Money Box Live: The Cost of Owning a House
We break down what鈥檚 happening in the housing market looking at property prices, mortgage products and equity release.
House prices have fallen by 1% compared with a year ago 鈥� the first drop since 2012 (Halifax) and as inflation remains high, lenders are increasing the cost of mortgage borrowing.
But what do these changes in the housing market mean for anyone who dreams of owning their own home, for people trying to move up the ladder or those thinking about equity release?
The experts in this podcast are Tim Bannister, Director of Property Science at Rightmove and Clare Beardmore, Director of Mortgages at Legal & General.
Presenter: Dan Whitworth
Producer: Amber Mehmood
Editor: Sara Wadeson
(First broadcast 3pm, Wednesday 7th June, 2023)
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