Mynest

The Law Commission this week outlined a variety of potential reforms to the system, but stopped short of suggesting leaseholds be scrapped. Holders of shorter leases were watching out for any potential changes to so-called marriage value. Leaseholders must pay this when extending leases of 80 years or less. For many former council tenants who […]

Image caption: The decade ended with a slowdown in properties being put on the market UK house prices rose slower than the general cost of living in the last decade, bucking the boom of the previous 10 years, research suggests. Property values were down by 1% from the start to the end of the 2010s […]

Features in this seaside property are more at home in the arcades Buying or selling a home can feel like an endless merry-go-round for anyone caught up in a tortuous house move. In one £1.5m property in East Sussex, the fairground nature of many property transactions has been taken literally. The converted Victorian bathhouse is […]

Halifax, part of Lloyds Banking Group, reckons house prices will grow between 1% and 3% in 2020. The UK’s biggest mortgage lender says that in 2019 the housing market performed in line with expectations, at the lower end of its forecast for 2% to 4% growth. Russell Galley, managing director of Halifax, said: “The housing […]

Property asking prices fell by the smallest amount for a December month since 2006, showing confidence among sellers and estate agents that home buyer demand is strong. The latest survey from Rightmove revealed a 0.9 per cent decrease in the average asking price for homes for sale. The average asking price in the UK is […]

The proportion of all mortgages which require a deposit of 10% of less has reached its highest level since 2008, Bank of England figures show. The share of mortgages in this category increased to 5.9% in the third quarter of the year, the Bank said. The proportion is still much smaller than before the financial […]

Gareth Lewis, commercial director of property lender MT Finance, says it is surprising UK house prices rose in November, according to data from Halifax, especially given the current climate. “Given that we are still in a period of great uncertainty, with an impending general election and unknown consequences regarding the outcome and impact that will […]

Despite the Nationwide saying the annual rate of house price growth remains “subdued”, Samuel Tombs – chief UK economist at Pantheon Macroeconomics – reckons the housing market is starting to benefit from recent lower mortgage rates. He notes that November’s 0.5% month-to-month gain was the biggest since July 2018. Fierce competition among mortgage lenders has […]

The number of homes being put up for sale has fallen at the fastest rate in a decade, according to property website Rightmove, with Brexit and the election affecting the market. In the four weeks to 9 November, 14.9% fewer properties came to the market compared with the same period a year earlier, which was […]

UK house price growth continued to slow in October, according to the latest survey from the Halifax. The lender says prices saw a “modest” annual increase of 0.9%. Prices dipped 0.1% in October compared with the previous month, with the average property costing £232,249. Russell Galley, Halifax managing director, said that while the 0.9% annual […]