HOUSING NEWS

The average UK house price hit a fresh record in April but growth is set to slow this year as inflation and interest rates rise. The Halifax said house prices rose 1.1% in April compared with March. While it said prices had grown for 10 months in a row – the longest run since 2016 […]

UK house prices have risen by 12.1% in the past year but the rate of increase is set to slow, according to the Nationwide Building Society. The mortgage lender said that the increase in April was lower than in March, and the trend was likely to continue as budgets were squeezed. The likelihood of further […]

Ground rent charges will be banned on most new residential leases from 30 June, the government has announced… From this date, landlords will be prohibited from charging ground rent to people buying a home on a new long lease. The government described the charges, which often increase yearly, as providing “no clear service in return”.  […]

The price of the average home in the UK has risen by £43,577 since the start of the first lockdown two years ago, the Halifax has said. The lender, part of Lloyds Banking Group, said the 18.2% rise took the cost of a typical home to £282,753. The race for space from buyers was clear […]

House prices grew at the fastest annual pace for more than 17 years in March despite the cost of living crisis, according to Nationwide. Annual growth in house prices hit 14.3% in February, the mortgage lender said, the strongest pace since November 2004. The cost of a typical UK home reached a new record high […]

There are a host of factors behind the increase in property transactions collapsing of late, including ill-prepared buyers and greedy vendors, brokers have said. Data from property information firm Gazeal suggests that up to 17 March there have been almost 54,000 deals collapse. A host of brokers told Mortgage Solutions they had seen higher numbers of deals […]

The cost of a typical UK home rose by a record £29,162 in the last year, according to the Nationwide. The building society said it was the biggest cash increase in property prices since it started collecting comparable data in 1991. It pushed up the price of an average UK home to £260,230 in February, […]

A shortage of homes being put up for sale has led to rising asking prices and frustration for buyers, two reports suggest. The average asking price for a property in Britain has risen by £7,785 in February compared with last month, property portal Rightmove said. This was the largest month-on-month rise for 20 years, it […]

Help to Buy sales have fallen 46% as the full impact of stricter eligibility criteria and price caps are seen in the headline figures for the first time. Official government data published today shows there were just 7,270 house purchases through the Help to Buy equity loan scheme in the three months to 30 September […]

House price growth is set to slow “considerably” in the coming year, the Halifax has said, as households face a squeeze on their finances. The mortgage lender said house prices grew by 0.3% in January, the lowest monthly increase since June 2021. However, the rise meant the average price hit a record high of £276,759, […]