HOUSING NEWS

UK house prices have grown at the fastest rate in 18 months but high mortgage rates mean many prospective buyers still face affordability challenges, Nationwide has said. The building society said the average house price in the UK was £266,334 across July, up 0.3% on the previous month. This resulted in an increase in the […]

UK house prices will increase “slowly but steadily” by 2 per cent over the second half of 2024, boosted by increased numbers of homes for sale and greater choice for buyers, according to property portal Zoopla. It found property prices have increased by 0.1 per cent over the past year to reach £265,600 on average but […]

The average UK home is now worth £2,400 more than it was 6 months ago. But if you own a terraced property in the north, it’s likely to be a lot more than that

High mortgage rates mean affordability is still “stretched” for many home buyers, according to the Nationwide.

Three major lenders have cut mortgage rates ahead of an expected Labour victory this week. Halifax and Natwest have slashed rates by up to 0.23pc while Clydesdale Bank said its rates will fall by 0.38pc. The reductions come amid hopes that the Bank of England will cut interest rates next month after holding the Bank Rate […]

Labour and the Conservatives have accused each other of failing to match promises on housing, in what has become a key battleground in the election campaign.

House buyers are putting off purchasing a new home until the Bank of England cuts interest rates, evidence suggests.

UK house prices returned to growth in May after rising by 0.4%, according to Nationwide, as buyers’ confidence was buoyed by wage growth and lower inflation.

Several lenders are reducing their interest rates on new fixed mortgages, offering a glimmer of hope to hard-pressed borrowers.

Hundreds of thousands of homeowners have taken out mortgages in the last three years that they will still be paying off into retirement, estimates suggest.