Mynest

UK house prices picked up last month, rising at the fastest annual pace since November, the Halifax has said. The lender says prices in the three months to July rose by 3.3% from a year earlier, with the average cost of a house hitting a record £230,280. Prices in July rose a stronger-than-expected 1.4% from […]

There has been a “significant” rise in homes being valued at less than what buyers have agreed to pay, the UK’s largest mortgage advisers have said. These “down valuations”, by lenders, can mean buyers having to pay thousands of pounds extra, up front, to avoid the sale collapsing. Estate agents Emoov said it reflected surveyors […]

Millions of flat owners have seen no growth at all in the value of their homes over the past year, according to the Office for National Statistics (ONS). That is the first time that has happened in six years. The main reason is that a quarter of the UK’s flats and maisonettes are in London, […]

Properties in the UK are taking longer to sell than a year ago owing to the “uninspiring” housing market, according to surveyors. Last spring it typically took 16 weeks between a home being listed and being sold, the Royal Institution of Chartered Surveyors (RICS) said. Now that has risen to about 18 weeks on average, […]

UK house prices rose at the slowest pace since March 2013 in the year to June, according to the country’s largest lender, the Halifax. Prices increased by just 1.8%, equalling the pace of growth seen in the year to February. In the last three months, the cost of an average house or flat actually fell […]

Annual growth in house prices fell to its slowest pace in five years as the lull in the UK housing market dragged into summer, the Nationwide said. The building society said demand from buyers was subdued, while the number of properties coming on to the market was “more of a trickle than a torrent”. UK […]

More than 7,000 UK High Street estate agents are showing signs of financial distress as they face fewer sales and online competition, a study has found. The report – from accountancy firm Moore Stephens – suggests that some 27% of agents are struggling to survive. One of the main reasons is a long-term decline in […]

House price rises in the UK slowed in the year to the end of May – increasing by 1.9%, according to a lender. The Halifax, part of Lloyds Banking Group, said that the change reflected “a relatively subdued” housing market. The cost of a typical home was now £224,439, the Halifax calculated from its own […]

The pace of growth for UK house prices has continued to slow, while property in London had the weakest growth since 2009, official figures showed. The capital had the lowest annual growth, where prices decreased by 0.7%. The Office for National Statistics said in a blog that the decline in London can be linked to changes […]

Renting a room or a home from a private landlord is a reality for millions of people in the UK – but is it a positive or negative experience?   The pros 1. Flexibility One of the biggest positives for many tenants was the ability to give relatively short notice, then move to a new […]