HOUSING NEWS

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, […]

House prices in December were a considerable 9.8% higher than the same period in 2020, marking the biggest year-on-year rise since March 2003, according to Halifax. The latest Halifax House Price Index shows the average house price in the United Kingdom in December was £276,091, an increase of £24,537 on the £251,554 recorded in December […]

Average house prices in the UK hit a record £254,822 in December, according to lender Nationwide. The typical house is now worth £23,902 more than it was in January, making it the strongest year for price rises since 2006. But Nationwide predicted the market would slow next year because the stamp duty holiday, which ended […]

Share Prospective property buyers have returned to cities, with flats the most highly in demand during the autumn, according to property portal Rightmove. The UK housing market was relatively immune to the economic effects of Covid, with demand and price rises remaining high throughout the crisis. This was driven by the race for space, with […]

House prices in the UK grew at the fastest pace in 15 years over the past three months, the Halifax has said. House prices rose 3.4% in the three months to the end of November, the sharpest increase since late 2006, and are 8.2% higher than a year earlier. The average UK property price hit […]

A trend for longer-term fixed-rate mortgages is set to test homeowners’ appetite for certainty over cost – but brokers warn risks will still remain. On Tuesday, Kensington Mortgages launched a mortgage product with a rate that can be fixed for up to 40 years. Borrowers already have a choice of long-term fixes beyond the traditional […]