Average UK property price hit record £289k in May, Halifax says – but growth is slowing

The average house price in the UK hit a record high of £289,099 in May, but the market is showing signs of cooling, according to new figures from Halifax. The average price tag for a home jumped by £2,857 month-on-month in May, with prices rising one per cent. This was the eleventh consecutive monthly increase … Read more

Rics: House prices will keep rising as buyers outweigh sellers

A shortage of homes coming up for sale is continuing to drive property prices higher, fresh data has revealed. Enquiries from buyers looking to move increased in December, but the average number of homes on estate agents’ books remains low, according to the Royal Institute of Chartered Surveyors’ latest survey. The ‘mismatch’ between supply and … Read more

Buyers urged to seize opportunity as asking prices fall

Buyers looking to negotiate their new home can try to take advantage of a seasonal dip in asking prices, new figures have revealed. Property website Rightmove said the average asking prices of homes newly listed for sale fell by £2,044 in the past month, as the traditional November slowdown arrived, despite this year’s soaraway housing … Read more

Britain’s Victorian housing stock could see values plummet if government introduces EPC regulation

The government is on a mission to retrofit the UK’s ageing housing stock – which accounts for roughly 20 per cent of the nation’s CO2 emissions. Its current aim is to have as many homes as possible reach a C rating by 2035 in England and Wales, with an even earlier target being set for private … Read more

UK house prices could grow by 35% between 2020 and 2025

The average property price could still grow by up to 7 per cent in 2022, according to one forecast – as separate research revealed that Merseyside and Lancashire towns have seen the biggest collective price growth since the pandemic began.  High-end estate agent Strutt & Parker has predicted that prices will increase by 7 per … Read more

Homeowners could be forced to make properties eco-friendly or face struggle to remortgage or sell

Homeowners could be forced to spend thousands making properties eco-friendly in order to remortgage or sell under Government’s new green plans Government plans will encourage mortgage lenders to favour greener homes  This means those in older properties could struggle to sell or remortgage Making a home more eco-friendly can cost thousands  By Helen Crane For … Read more

The ten countries that have seen house prices rocket in a decade

The countries where property prices have rocketed the most over the past ten years have been revealed – and by how much house price inflation has outpaced wages to squeeze buyers.  Those fed up with Britain’s sky-high house prices that can make moving home unaffordable may be surprised to find the UK only coming in … Read more

Starling Bank snaps up buy-to-let lender Fleet Mortgages for £50m

Starling Bank moves into mortgages: Digital challenger snaps up buy-to-let lender Fleet for £50m as part of expansion drive Starling Bank has made its first corporate acquisition, buying Fleet Mortgages  It is part of the bank’s expansion drive as it targets IPO by 2023  Starling has reassured existing Fleet customers that it won’t change the … Read more

Mortgage price war ramps up: Nationwide offers record breaking sub 1% five year fixed rate deal

Britain’s biggest building society has ramped up the mortgage price war after launching a record low sub 1 per cent five-year fixed rate deal. While rates below 1 per cent are not unusual for two year deals, Nationwide is offering this rate to those with a 40 per cent deposit remortgaging or moving, fixed until … Read more