HOUSING NEWS

Growth in UK house prices accelerated again last month, with the average property price now £270,027, according to the UK’s largest mortgage lender. Prices rose 8.1% in the year to October, up from an annual rate of 7.4% the month before. With interest rate rises still on the horizon, the lender said it expected house-buying […]

Mortgage experts are expecting a “slow and measured” increase in the cost of home loans amid predictions of rising prices elsewhere. All eyes turn to the Bank of England which will consider this week whether to raise the base rate. Some mortgage lenders have raised their interest rates slightly, after a period of intense competition […]

Home buyers have benefitted from lower or no stamp duty, a tax paid on property purchases, in some parts of the UK, for more than a year. The tax holidays on stamp duty or its equivalent taxes, were introduced by ministers to stimulate the housing market as the country emerged from the first national Covid […]

Thousands of leaseholders who bought homes from a major housebuilder will no longer be subjected to ground rents that double every 10 or 15 years. Countryside Properties will keep rents at the same level as when they first bought their home after a probe by the Competition and Markets Authority. Countryside is the latest housebuilder […]

Within days of going on the market, one picturesque, two-bedroom stone cottage in the upper Yorkshire Dales had been viewed 10 times, leading to eight offers… Another 10 people are still on the waiting list to see it, attracted by its views over a small waterfall and beck. Potential buyers are coming in with offers […]

UK house prices accelerated in August, the Nationwide has said, with values now 13% higher than before the pandemic. The building society said that annual house price growth sped up, to 11%, with the average home costing £248,857. It said property prices recorded their second largest month-on-month rise in 15 years, up by 2.1%. The […]

House prices have fallen for the first time this year, according to property website Rightmove. It said the average price of property coming to market in August fell 0.3%, a drop of £1,076, to £337,371. That was prompted by the ending of the stamp duty holiday and a subsequent fall in demand for bigger homes. […]

The Halifax says house prices rose again in July after dipping last month, making the average price £261,221 and leaving prices 7.6% higher than at the same time last year. Last month, average prices were 8.7% up on a year ago. The lender said it expected prices to settle further after the recent spate of […]

Share Stamp duty holiday withdrawals have “taken some of the heat out” of the UK housing market, according to the Nationwide. The building society said house prices dropped slightly in July compared with June, but were still 10.5% higher than a year ago. Any stamp duty savings have been outstripped by rising prices. But the […]

Property sales in the UK hit a new record level in June, official figures show, but analysts say it may mark the peak of the housing boom. An estimated 213,120 sales were completed during the month – more than twice the total in May, data from HM Revenue and Customs (HMRC) shows. Commentators said there […]