‘Geopolitical uncertainties’ amid Iran war could slow fall in mortgage rates, says Halifax

UK house price growth slowed in February as value of typical home rose 0.3% to £301,151Business live – latest updatesHalifax has warned that the US-Israel war on Iran could slow mortgage rate decreases this year, as it said that house price growth eased dramatically in February.Halifax, which is part of Lloyds – Britain’s biggest mortgage lender – said the conflict in the Middle East is likely to affect global economies, stoke inflation and reduce the likely rate of interest rate cuts that influence borrowing costs for homebuyers. Continue reading...