Growing at a slower rate for the past two months, but inflation remains at nearly 8 , four times higher than the official target. Hannah miller has this report. For father of two peter, sorting out the Family Finances is proving hard. He and his wife bought their first home using the help to buy scheme. But when their mortgage comes up for renewal early next year, theyll have to find an extra £750 a month in repayments. Somehow were supposed to spend less and find £750 extra a month to pay for that. So, you know, for many families, its a terrifying situation. If you have young families like ourselves who have been swayed into the Housing Market by government, whose advertised help to buy as an affordable scheme, right, when things become unaffordable, you cant simply turn around and say, thats your problem. A rise of 0. 25 Percentage Points would take the Bank Of Englands base rate to 5. 25 , the highest since april 2008. For someone with an average Tracker Mortgage of £200,000, tha
bring inflation down. that makes things more and more difficult for people with mortgages. perhaps not surprising that uk house prices dropped at their fastest annual rate for 1h years injuly according to nationwide. let s talk to somebody this is affecting. we are going to meet ian burns, chief executive officer of cameron homes. you have got to shift a lot of homes. how much more difficult is it at the moment to persuade people to buy? there is good demand, a lot of people there is good demand, a lot of people want to buy a new home. we have seen people want to buy a new home. we have seen a people want to buy a new home. we have seen a slowdown in the market since have seen a slowdown in the market since may have seen a slowdown in the market since may with people taking more time to since may with people taking more time to make a decision, more cautious. time to make a decision, more cautious, anxious and slightly nervous cautious, anxious and slightly nervous about