Nationwide has noted significant changes in the UK mortgage market in the past two years. Attractive standard variable rates have meant fewer borrowers coming to the end of fixed-rate deals have remortgaged onto a new fix, with the proportion of mortgage balances on fixed rates falling from 48% to 36...
Posted to
Finance
on 09-02-2010
Filed under: All Financial News, house prices, Mortgage News, fixed, recovery, UK mortgage market, standard variable rates, proportion, lower mortgage rates
The Land Registry has reported that house prices in England and Wales increased by 0.4% in July, with growth at its strongest since the start of the year. The rise took the average value of a home to £166,798 but left annual growth at 6.7%, down from 8.4% in June. Data for London show monthly [...]
Posted to
Finance
on 08-31-2010
Filed under: All Financial News, house prices, Property News, Wales, England, average, Land Registry, transactions, London, July
Housing market transactions increased for the second consecutive month in July, according to the LSL/Acadametrics House Price Index. The Index, which is based on every house sale in England and Wales, showed an 11% rise, to 72,100, meaning that activity has doubled since January. July also saw house...
Posted to
Finance
on 08-14-2010
Filed under: All Financial News, house prices, Property News, Wales, England, transactions, house price index, July, annual inflation, Acadametrics, LSL
House prices have shown signs of a fall for the first time in a year. In its latest survey of member, the Royal Institution of Chartered Surveyors (RICS) found that 25% had seen prices drop in the last three months, compared with 11% reporting rises and 64% reporting no change. In July, new buyer enquiries...
Posted to
Finance
on 08-10-2010
Filed under: All Financial News, house prices, fall, survey, Property News, Rics, Royal Institution of Chartered Surveyors, July, new buyer enquiries