Mynest

Home owners trying to take their second step on the property ladder face a typical price gap of more than £135,000 to make the leap, a report has found. The Lloyds Bank Second Stepper report found people who have previously been first-time buyers who are now looking to trade up typically live in a home […]

House prices are lower in England compared with a year ago – the first annual fall in property values since 2012, according to the Nationwide. In the first three months of the year, prices in England were down 0.7% from the same period in 2018. But the building society said that annual house price rises […]

Annual house price growth remained soft at 0.7% in March, according to Nationwide. The average price of properties was £213,102, compared to £211,304 in February. London remained the weakest performing region, with prices 3.8% lower than the same period in the previous year. It also marked the seventh consecutive quarter where prices have been in […]

The UK’s leasehold system has left a number of householders in unsellable and un-mortgageable homes and changes are needed, a committee of MPs says. Often leaseholders in new-build properties are treated as a source of profit, the Housing, Communities and Local Government Committee (HCLG) says. It says the Competition and Markets Authority (CMA) should investigate […]

Buyers and sellers are “sitting tight” as Brexit uncertainty continues to freeze the UK property market, surveyors have said. Some 77% of members asked by the Royal Institution of Chartered Surveyors (RICS) said that the Brexit impasse was holding back activity. New buyer enquiries, sales, and homes being put on the market all fell in […]

House price growth remained “sluggish” in February, according to the Nationwide Building Society’s latest survey of the property market. The lender said prices were up by 0.4% compared with a year earlier, which was a faster pace than January’s rate of 0.1%. The Nationwide said that prices in February dipped by 0.1% compared with a […]

First-time buyers now make up the majority of home purchases bought with a mortgage in the UK, figures show. The Halifax bank said the last time such a situation existed was 1995. Its research found Pendle in Lancashire and Copeland in Cumbria were the most affordable areas, with homes costing 2.6 times local earnings on […]

Buying a flat or maisonette in England is cheaper than a year ago, according to official figures, with the cost of semi-detached homes rising fastest. First-time buyers have been buying later in life and a number of buy-to-let investors have pulled out of the market owing to tax changes. This may partially account for the […]

The government’s housing planning system is unable to demonstrate it is meeting housing demand effectively, public spending watchdog the National Audit Office (NAO) has said. The government wants 300,000 new homes a year from the mid-2020s onwards. The Ministry of Housing, Communities and Local Government has a standard method, developed in 2017, for local authorities […]

The average price of a property in the UK dropped by 2.9% in January according to the latest Halifax house price index. As a result, the average property is now worth £223,691. It’s the second time in the last three years that house prices have started a new year with a fall, and a stark […]