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UK housebuilders and the mortgage squeeze
How higher UK mortgage rates are hitting housebuilders, home sales and rents.
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Taylor Wimpey trims its 2026 build target as higher mortgage rates slow autumn sales
The UK housebuilder now expects about 10,500 completions, below July's 10,600-10,800 range, with profit near the bottom of forecasts and an order book 6.2% smaller by value.
UK surveyors see a weaker year for home sales and firmer rents as mortgage costs climb
RICS's October survey put 12-month sales expectations at -17%, the most pessimistic since July 2023, while the balance expecting higher rents rose to +41%.