Mynest

House prices in December were a considerable 9.8% higher than the same period in 2020, marking the biggest year-on-year rise since March 2003, according to Halifax. The latest Halifax House Price Index shows the average house price in the United Kingdom in December was £276,091, an increase of £24,537 on the £251,554 recorded in December […]

Average house prices in the UK hit a record £254,822 in December, according to lender Nationwide. The typical house is now worth £23,902 more than it was in January, making it the strongest year for price rises since 2006. But Nationwide predicted the market would slow next year because the stamp duty holiday, which ended […]

Share Prospective property buyers have returned to cities, with flats the most highly in demand during the autumn, according to property portal Rightmove. The UK housing market was relatively immune to the economic effects of Covid, with demand and price rises remaining high throughout the crisis. This was driven by the race for space, with […]

House prices in the UK grew at the fastest pace in 15 years over the past three months, the Halifax has said. House prices rose 3.4% in the three months to the end of November, the sharpest increase since late 2006, and are 8.2% higher than a year earlier. The average UK property price hit […]

A trend for longer-term fixed-rate mortgages is set to test homeowners’ appetite for certainty over cost – but brokers warn risks will still remain. On Tuesday, Kensington Mortgages launched a mortgage product with a rate that can be fixed for up to 40 years. Borrowers already have a choice of long-term fixes beyond the traditional […]

A fast internet connection is now one of the most important factors for homebuyers, according to a survey of 294 estate agents across the UK. Questions about connectivity, usually “full fibre” broadband, are up 69% since the pandemic began, the research, by Omdia for telecoms equipment maker Huawei, suggests. Speeds of more than 300Mbps are […]

Share                              “I just don’t understand their reasoning. I was just totally stunned.” Andrew Bennett is describing the moment he learned that despite building a brand new, super energy efficient home, he  couldn’t be able to borrow money against its value, a […]

Growth in UK house prices accelerated again last month, with the average property price now £270,027, according to the UK’s largest mortgage lender. Prices rose 8.1% in the year to October, up from an annual rate of 7.4% the month before. With interest rate rises still on the horizon, the lender said it expected house-buying […]

Mortgage experts are expecting a “slow and measured” increase in the cost of home loans amid predictions of rising prices elsewhere. All eyes turn to the Bank of England which will consider this week whether to raise the base rate. Some mortgage lenders have raised their interest rates slightly, after a period of intense competition […]

Home buyers have benefitted from lower or no stamp duty, a tax paid on property purchases, in some parts of the UK, for more than a year. The tax holidays on stamp duty or its equivalent taxes, were introduced by ministers to stimulate the housing market as the country emerged from the first national Covid […]