Housing & mortgage round up: House prices rise as do mortgage approvals

Housing & mortgage round upTwo house price surveys out this week, both showing a rise in house prices, whilst the number of mortgage approvals has risen and mortgage affordability is improving. All good news? Well, not quite. The housing market is still volatile, with any monthly rises being cancelled out by falls, to create a stagnant picture and mortgage finance is becoming even harder to obtain for people without large deposits. Nationwide: Surprise rise in house price...

Housing & Mortgages: House prices rose in May, say Nationwide

Housing & mortgage round upThe latest Nationwide Building Society House Price Index shows that house prices in the UK rose by 0.3% last month. According to the Nationwide the average house in the UK is now worth £166,022, down 0.7% over the past 12 months, despite May’s rise. The survey comes in the same week that a Land Registry survey showed house prices falling by 0.3% in April....