News

PROPERTY SALES HIT ANNUAL HIGH IN NOVEMBER

Home sales hit their highest monthly level of the year so far in November, figures from HM Revenue and Customs (HMRC) have shown. There were 85,000 property sales during the month, up from 79,000 in October, it said. However, despite the apparent pick-up in transactions, the...

ECONOMIC CONFIDENCE KEY TO HOUSING MARKET

A growing proportion of surveyors believe that economic uncertainty is holding back housing market activity. This was considered to be a bigger reason than the availability of mortgages and worries about house price falls, the Royal Institution of Chartered Surveyors (Rics) said...

OBR SAYS HOUSING MARKET TO 'SURGE' IN 2013

Housing market activity will surge in 2013 after a stagnant few years, according to forecasts from the Office for Budget Responsibility (OBR). It said there would be a 20% rise in transactions in 2013-14, compared with the previous year. The OBR also predicted that house prices...

UK HOUSE PRICES SUPRISINGLY RESILIENT

UK house prices surprisingly resilient, Nationwide says The house price survey is based on the Nationwide's mortgage data Continue reading the main story Your HomeQ&A: The new housing strategy Eight radical solutions to the housing crisis Three reasons for rising rents...

HOUSE PRICES UP 1.2% IN OCTOBER

UK house prices rose by 1.2% in October compared with September, but have fallen over the last year, according to the Halifax. The lender, part of Lloyds Banking Group, said that values had fallen by 1.8% compared with a year ago. It said that the housing market had remained &...

October House Price Rise

House prices increased year-on-year for the first time in six months in October, with a 0.8% rise, the Nationwide building society has said. Prices went up by 0.4% in October compared with September, making the average home worth £165,650. But the Nationwide said the...

MORTGAGE MARKET SHOWS SIGNS OF LIFE

The mortgage market showed "welcome signs of life" in August, according to lenders, although it remained far from signalling a housing boom. Some 52,000 home loans were advanced for house purchases, up 7% on July, the Council of Mortgage Lenders (CML) said. There was...

NEW MEMBER OF STAFF REQUIRED

Experienced Sales negotiator required to cover 6 months maternity leave.   Monday - Friday 9 -5.30 Alternate Saturdays 9 - 4.00 For further information contact Ben Hudson  07831 726269...

SMALL RISE IN HOUSE PRICES IN SEPTEMBER

House prices continued to "tread water" in September - rising by 0.1% compared with the previous month, the Nationwide said. This left the average price of a home 0.3% lower than a year earlier, at £166,256, the building society said. Prices for the three months...

MORTGAGE APPROVALS HIT 20 MONTH HIGH

The number of new mortgages approved, but not yet lent, for home buyers in August rose to its highest level since December 2009. The Bank of England said 52,410 mortgages were approved last month. That was nearly three thousand more than in July, and the highest number since...

SUMMER LIFT IN MORTGAGE LENDING

UK mortgage lending rose by 6% in August compared with July, although seasonal factors were key to the rise, lenders have said. Gross mortgage lending stood at £13.4bn in August, a 10% increase compared with the same month a year ago, the Council of Mortgage Lenders (CML...

MORTGAGE LENDING JUMPS IN JUNE

Mortgage lending jumped in June, albeit from a very low level, the Council of Mortgage Lenders (CML) has said. The total number of new home loans to house buyers rose by 22% from May, to 46,700. And those specifically to first-time buyers reached a 10-month high, up 24% from...

HOUSE PRICES IN THE UK STABILISING

House prices are stabilising, according to the latest monthly report from the Nationwide building society. Prices across the UK rose by 0.2% in July, to £168,731, leaving them just 0.4% lower than a year ago. The society said demand for homes was still sluggish, with...

MORTGAGE INTEREST RATES AT LOWEST LEVEL FOR 23 YEARS

Interest rates on new mortgage deals have fallen to their lowest level since 1988, according to the financial information service Moneyfacts. It says this is due to lenders finding it cheaper to raise funds in the financial markets. This has been due to the realisation that the...

MORTGAGE LENDING REBOUNDS IN MAY

Lenders expect activity in the mortgage market to remain flat in the coming months, despite a rebound in May. Gross mortgage lending in the UK totalled an estimated £11.3bn in May, up 12% from the previous month, the Council of Mortgage Lenders (CML) said. The figure was...

SUNNY WEATHER BRINGS OUT BUYERS

Good weather in April led to an increased number of viewings from potential UK house buyers, according to surveyors. But difficulty in securing a mortgage hindered many of these potential buyers, the Royal Institution of Chartered Surveyors (Rics) said. Only the "cash-rich...

MORTGAGE LENDING REBOUNDS BY 21% IN MARCH

Mortgage lending rebounded in March when the amount lent in home loans rose by 21% compared with the previous month, lenders have said. However the pick-up came after a lull in lending for home loans at the start of the year, the Council of Mortgage Lenders (CML) figures show...

House Prices Up In March says Halifax

House prices rose by 0.1% in March when compared with the previous month, but are still 2.9% lower than a year ago, according to the Halifax. Its monthly survey found that the average price of a property was £162,912 - up £215 on February. But over the first three...

Spring Bounce !

Nationwide's latest housing survey found property prices increased by 0.5% during March. However, this was unlikely to mark the start of a boom in house prices, the lender said. The cost of an average home was £164,751, some 0.1% more than a year earlier. 'Subdued...

HOUSE PRICES RISE 0.3%IN FEBRUARY 2011

  The recent fall in house prices may be slowing down, according to figures from the Nationwide building society. It said prices had risen slightly in February, by 0.3%, to leave them 0.1% lower than they were a year ago. It means the average UK house price is now £...

HOUSE PRICES RISE 0.8% IN JANUARY 2011

UK house prices rose by 0.8% in January compared with the previous month, according to figures from the Halifax. But the lender, now part of the Lloyds Banking Group, said that prices had fallen 2.4% compared with a year earlier. The typical home in the UK now cost £164,...

LOVE AT FIRST SIGHT?

This February Ben Hudson of Hudson Moody takes a loving look at how we can often fall head over heels with…a house. February is the month of St Valentine and it is worth remembering that it is not just people that can become the love of our lives. We can also fall under...

YORK IS SECOND FASTEST GROWING CITY IN THE UK

YORK is the second-fastest growing city in the UK in a flagship report which analysed how it is facing up to the economic storm. The Cities Outlook 2011 rundown, published today by a top think-tank, also marked out the city as being at the forefront of places whose economies are...

Surveyors Expect House Sales To Pick Up Over The Next Few Months

New buyer enquiries fell during the month, and new instructions from sellers stood at its lowest level for 18 months, the Royal Institution of Chartered Surveyors (Rics) said. Unease over the economy and a lack of mortgage availability continued to dampen demand, it said. But...