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Bellway hit by slump in demand as mortgage rates rise
Rising oil and gas prices since the outbreak of the Iran war have pushed up mortgage rates - making house purchases more expensive for buyers.
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cityam.com
Bellway: Mortgage rate hikes dampening housing demand
FTSE 250 housebuilder Bellway has warned that recent rises to mortgage rates as a result of the Iran war are dampening demand for housing.
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independent.co.uk
Homebuyer interest dipped after mortgage rates rise, builder Bellway says
The Newcastle-based company said recovery in the housing market could be slowed as a result of the challenges.
