The winter freeze on house prices continued in January as property values fell for the second consecutive month, according to the latest data from Nationwide.
Average house prices fell by 0.2% last month after an identical drop was recorded in December. The fall leaves the average UK house valued at £162,228. Year-on-year, property prices were up ...
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Owning a home has become considerably cheaper than renting one over the past three years, according to a study by Halifax.
Research from the building society found homeownership was more than £100 a month cheaper than being a tenant in December 2011. The average cost of buying a three-bedroom house in the UK cost £600 ...
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- Monday, November 14, 2011, 12:27
- Housing & real estate, Mortgages
Home loan approvals fell for the second consecutive month in October, according to figures from e.surv.
The county’s largest supplier of residential valuation services said its data suggests lenders are focussing on wealthier buyers. High-income individuals with large deposits accounted for almost all mortgage approvals last month. Those with only a 10% deposit or less ...
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Rents will rise across the UK by more than 20% while house prices fall back dramatically over the next five years, according to the international estate agency Savills.
Demand from those unable to secure funding to buy their own home or unwilling to make the financial commitment in the current economic circumstances will push ...
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The number of homes repossessed by mortgage lenders crept up in the third quarter of the year, according to the latest figures from the Council of Mortgage Lenders (CML).
A total of 9,200 properties were repossessed in the three months to the end of September, up from 9,100 in the second quarter of the year. ...
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Intense demand for rental properties has seen homes being let in record time, according to the latest monthly figures from Countrywide.
The UK's largest lettings and property services group which operates 1,300 branches across the country, said properties on its books were being let in an average of 12.7 days in the three months to ...
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The UK housing market saw a surprise increase in new sales in October, according to the latest monthly survey from the Royal Institute of Chartered Surveyors (RICS).
Sales and new buyer inquiries were both up last month, with 8% more surveyors reporting a rise in newly agreed sales rather than a fall. Although still at comparatively ...
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The stress and trauma involved in buying or selling a home can age you by an average of two years, according to a study by In-Deed.
The online conveyancing firm commissioned psychologists to interview 200 people who had either bought or sold a house in the last three months. The poll, conducted by PCP Market Research, ...
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Nearly two million households have saved an average of £2,600 each this year by switching to their mortgage lender’s standard variable rate at the end of fixed-rate deals, according to the Council of Mortgage Lenders (CML).
Standard variable rate mortgages are usually more expensive than fixed-rate loans but have been kept low as they ...
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- Tuesday, October 11, 2011, 17:54
- Economy, Housing & real estate, Mortgages
The number of home loans advanced by lenders rose by 7% in August, according to the latest market report from the Council of Mortgage Lenders (CML).
Some 52,000 loans totalling £7.9 billion were advanced in August, up from 48,700 in July and from 51,000 in August last year. The increase was largely driven by a 33% ...
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- Tuesday, October 4, 2011, 10:56
- Economy, Household Finances, Mortgages
UK house prices fell for the 15th consecutive month in September, according to a survey from a leading property market intelligence firm.
Hometrack said prices fell by 0.1% last month and warned of a further fall over the coming months. Hometrack added that the rate of decline is likely to accelerate as supply has ...
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- Thursday, September 29, 2011, 11:15
- Economy, Featured, Mortgages
The UK housing market “continued to tread water” in September, with prices rising by just 0.1% from the previous month, according to the Nationwide building society.
Prices in England and Wales were 0.3% below their level this time last year, leaving the value of the average property at £166,256, up slightly from £165,914 in ...
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- Monday, September 26, 2011, 11:29
- Economy, Featured, Mortgages, Personal Finance
UK consumers continue to be wary of saddling themselves with unsecured debt, according to a report from the British Bankers’ Association (BBA).
The BBA said that people paid more off their unsecured debts than they borrowed last month.
Repayments on credit cards and unsecured loans outstripped new borrowing by £100 million in August, although ...
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First-time buyers struggling to secure a home loan could see their prospects of getting a cheaper mortgage improve, after the Post Office cut its rates on a range of "first-time buyer friendly" products yesterday.
The move, which could see competition increase in the 90% loan-to-value (LTV) market, means that potential buyers with a 10% deposit ...
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- Wednesday, September 21, 2011, 12:09
- Economy, Mortgages
Gross mortgage lending hit a two-year high in August despite the fact that the overall market remained flat, according to the latest market snapshot from the Council of Mortgage Lenders.
Lending increased by 6% from £12.6 billion in July to £13.4 billion last month. The total amount lent in August was 10.4% up from the £12.1 ...
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Rents rose by the fastest rate this year in August, leaving tenants paying an average of £713 a month, according to the latest market survey from LSL Property Services.
LSL, which owns Your Move and Reeds Rains, said tenants paid 2.1% more on average to rent a property in August than they ...
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- Wednesday, September 14, 2011, 9:30
- Economy, Featured, Mortgages
UK estate agents sold an average of just 14 homes each in the three months to the end of August, the lowest figure for more than two years, according to the latest Royal Institution of Chartered Surveyors (RICS) Housing Market survey.
A lack of mortgage finance and continued uncertainty over the economy ...
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House prices rose by 0.3% in August, bucking the seasonal downward trend, according to the latest LSL Property Services/Acadametrics House Price Index.
The increase, buoyed in part by a 1.6% rise in prices in London, leaves the value of the average UK property at £219,078, some £12,751, or 5.5%, below the peak of £231,828 ...
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- Wednesday, September 7, 2011, 11:20
- Economy, Household Finances, Mortgages
UK house prices fell by 1.2% in August, wiping more than £2,000 of the value of the average property, according to the latest monthly survey from the Halifax.
The lender said the first fall in its index for four months left property prices 2.6% lower than a year ago and that the value of ...
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- Tuesday, August 30, 2011, 15:41
- Economy, Featured, Mortgages
The UK housing market is on the brink of a “crisis” that could see home ownership fall to its lowest level since the 1980s over the next decade, a new study has found.
A report from the National Housing Federation (NHF) has forecast that soaring prices, the need for larger deposits and stricter lending ...
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