Can buying a home in cash save house buyers £28,000 in the UK? 🤔

The UK housing market had its best year since 2021 last year, a new survey shows, but economists are concerned that cracks are starting to show. According to Halifax, UK house prices rose 3.3 per cent across 2024 as a whole, with the majority of the house price growth coming in the second half of the year. However, if you are buying in cash, you can now pay £28,000 less on average for a home than those relying on a mortgage, and the ‘cash discount’ has risen by 12.4 per cent in just two years, according to Mowered Mortgages (MM). #house #housing #housingmarket #houseprices #mortgage #mortgagerates #mortgagetips