Londoners see buying power crash as mortgage rates remain high

Mortgage rate hikes mean the average buyer has seen a nine per cent drop in buying power. On a more expensive London property, this means buyers need more money to purchase the same home

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Aug 27, 2026 - 00:16
Londoners see buying power crash as mortgage rates remain high

Mortgage rate hikes mean the average buyer has seen a nine per cent drop in buying power. On a more expensive London property, this means buyers need more money to purchase the same home

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