One of Britain’s largest housebuilders has warned that the property market has effectively ground to a halt as high mortgage rates and economic uncertainty push young buyers to the sidelines.
Bellway chief executive Jason Honeyman is now urging ministers to step in by reversing recent stamp duty hikes and reviving government-backed deposit support to get first-time buyers moving again.
thetimes.com/business/compan…
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Leasehold is the problem, ie huge uncontrollable service charges and ground rents. Abolish leasehold and things will start moving again
Aug 13, 2026 · 8:27 AM UTC
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