September 13, 2013
House prices are up 5.4% year-on-year in August, according to the latest Halifax house price index. The average price in the UK in August reached £170,231 compared to £160,292 in August 2012. Quarterly figures show that the three months to August were 2.1% up on the previous three month period. On a monthly basis there […]
September 6, 2013
Research from LSL Property Services and research consultancy Acadametrics shows that house prices hit record levels in July, beating the previous best in 2008. The England & Wales House Price Index rose 0.3% in July from the previous month with the index reaching 237.2 from 236.4 in June. The average house price across England & […]
August 29, 2013
The number of mortgage products available last month exceeded 10,000 for the first time in nearly five years, according to brokerage the Mortgage Advice Bureau. July’s average of 10,262 products is 33% higher than the 7,736 on offer last July, 97% up on the 5,208 products on offer three years ago and a massive 198% […]
August 20, 2013
Lending to first-time buyers in June was up 30% year-on-year and the Council of Mortgage Lenders says the second quarter of this year was the highest quarterly total for lending since 2007. The trade body’s data shows that 25,300 loans were advanced to first-time buyers in June a 30% increase on the 19,400 loans advanced […]
July 23, 2013
First-time buyers paid 4.1% more for their properties in May 2013 compared to the previous year against a backdrop of rising house prices, the Office for National Statistics has revealed. Existing owners also paid on average 2.5% more for new homes than they did in May 2012. Across the UK house prices rose by 2.9% […]
July 15, 2013
The number of loans advanced to first-time buyers in May was at its highest level since November 2007, according to figures released today by the Council of Mortgage Lenders. Transaction numbers increased 41.8% from 17,700 in May 2012 to 25,100 in May 2013. The last time lenders advanced more loans to first-time buyers was in […]
July 4, 2013
House prices in June rose at their fastest rate year-on-year in almost three years, according to the latest Nationwide Building Society house price index. Prices rose 1.9% year-on-year in June to £168,941, up from £165,738 a year earlier. On a monthly basis, prices rose 0.3%, up from £167,912 in May. Nationwide chief economist Robert Gardener […]
June 27, 2013
Gross mortgage lending has hit its highest level since October 2008 as lenders advanced £14.7bn in May, Council of Mortgage Lenders’ figures show. Lending is a massive 21% up on the £12.2bn lent in April and 17% higher than the £12.6bn lent in May 2012. CML chief economist Bob Pannell says: “Funding conditions, helped by […]
June 21, 2013
Remortgage lending had its best month in five months in April, helping to boost gross lending by 5%, according to figures released today by the Council of Mortgage Lenders. A total of £3.4bn was advanced to borrowers remortgaging in April, up 9.7% on the £3.1bn advanced in March. While remortgaging figures where 2.9% down on […]
June 6, 2013
The average UK house price increased by 0.4% in May – up from £165,586 in April to reach £167,912 – according to the latest house price index from Nationwide. The index shows house prices have experienced an annual increase of 1%, up from 166,022 in May 2012, which represents the largest annual increase since November […]
May 30, 2013
The mortgage market experienced its strongest April since 2008, according to figures released today by the Council of Mortgage Lenders. In April, lenders advanced an estimated £12.1bn to borrowers, up 4.3% on the £11.6bn advanced the month before. April’s figure was also up 22.2% on the £9.9bn advanced to borrowers in April 2012. However, the […]
May 13, 2013
House prices rose 4% in the 12 months to April, according to the latest house price index from Halifax. In April 2012, the average house price was £160,249, rising to £166,094 12 months later. The average UK house price rose 1.3% in the three months to April, taking from £163,488 in the previous quarter to […]