Mortgage lender says prices dropped in July and predicts slowing annual growth in wake of interest rate rise House prices fell in July for the first time in over a year, according to the latest figures from the Halifax. The mortgage lender said the average price of a home fell by 0.1%, the first drop […]
HOUSING NEWS
New property register aims to stop money laundering…
Oligarchs using UK property to launder illegal wealth are being targeted by a new register which has come into force… Any anonymous foreign company seeking to buy UK land or property will need to reveal the true owners. Foreign companies that refuse to disclose their true owner could face fines of up to £2,500 per […]
House prices defy expectations to hit record…
House prices hit a fresh record in June, according to Halifax, despite expectations the rising cost of living in the UK would dampen demand. The mortgage lender said the average house price reached £294,845 in June after rising by 1.8% – the steepest monthly increase since 2007. Halifax said a lack of available homes for […]
Housing market shows signs of cooling, says Halifax…
Share The housing market is showing signs of cooling, Halifax has said, as households face a squeeze on their finances. The mortgage lender said that while house prices continued to climb in May, with prices up 10.5% in 12 months, this was slowest rate of growth since the start of the year. The rise meant […]
Shortage of homes to rent leads to tenant bidding wars…
People hoping to find a property to rent are going to ever greater lengths to secure a home… As well as having to find ever bigger deposits, they’re offering prospective landlords CVs for their children and photos of their well-behaved dogs. That’s because a shortage of available homes is pushing up monthly rents, deposits and […]
House prices hit new record but growth set to slow…
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 […]
House prices up 12% but rises expected to slow, says Nationwide…
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 on new leases to be banned from June…
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”. […]
House price rise since first lockdown revealed…
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 price growth at 17-year high, says Nationwide…
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 […]
