HOUSING NEWS

House prices in first annual fall for 11 years, says the Halifax…

UK house prices fell at their fastest annual pace for nearly 14 years in May, the Nationwide has said.

Mortgage lenders are offering new products to people struggling to borrow money because of climbing interest rates, which the Bank of England recently raised for the 12th consecutive time, to 4.5%. People with mortgages tied to this base rate are now paying hundreds more a month and first-time buyers are struggling to get a deal […]

A deposit-free mortgage specifically aimed at people currently renting has been launched by a UK building society.

The number of mortgages approved in the UK for people buying a home rose sharply at the start of spring, Bank of England figures show.

House prices: The annual rate of growth improved to -2.7 per cent  from -3.1 per cent  in March, as buyers remain cautious about their financial position due to rising inflation, said Nationwide© Provided by City AM The housing market showed “tentative” signs of recovery in April as the price of homes rose 0.5 per cent during […]

Sellers flooding back to the housing market: Number of properties for sale hits two-year high.

Deposit-free mortgages are about to return to the housing market – but experts have warned they pose a risk of negative equity and threaten to destabilise the banking system. Skipton Building Society plans to launch a new loan that would allow borrowers to bypass standard deposit requirements by using their rental payment history. Borrowers typically […]

The UK’s housing model is broken and more homes are “desperately” needed, Michael Gove has said.

House prices fell at their sharpest rate for 14 years in March: Average property values dropped by 3.1% in the largest annual decline since July 2009