Nationwide House Price Index: Small house price rise in May

Nationwide Building SocietyThe Nationwide has reported a small rise in house prices during May and also over the past 12 months. According to the Nationwide’s House Price Index, the value of the average home rose by 0.4% in May and was up 1.1% on the same time last year. The UK’s largest building society also revealed the average house price in the UK now stands at £167,912; higher than the other two major house price surveys from the Halifax and the Land ...

The rise of the ‘hotel of mum and dad’

Many parents are aware of the 'bank of mum and dad' concept, especially as the tough economic times have bit young people especially hard, however the 'hotel of mum and dad' also seems to be rising in popularity. New figures from the Office of National Statistics (ONS) show that almost three million people aged between 20 and 34 are still living at home with their parents. Are you a first time buyer looking for help?...

Housing round up: Spending on birthdays could affect your mortgage application

Housing & mortgage round upIn this week’s housing round up we consider the latest evidence that a lack of supply will cause house prices to rise. We also consider a contrary prediction that house prices will in fact fall over the next two or three years due to a lack of mortgage finance. However we start with a story that one of the UK’s largest lenders will delve deeper into your finances if they are to approve you for a mortgage....

Housing round up: UK house prices stagnating whilst the Irish market is in freefall

Housing & mortgage round upThe first week of the New Year brings further evidence that the UK housing market is stagnating not helped by tight mortgage lending criteria, which looks set to get worse if the latest Bank of England report is correct. It could be worse though, you could own a property in Dublin, according to one survey the Irish capital has seen property prices fall by a staggering 64.2% since the peak of the housing boom in 2006....