House prices bounce back strongly

House prices bounce back stronglyHouse price growth has been slowing over the past few months on the back of falling mortgage approvals. However, new figures from the UK’s largest mortgage lender have revealed a reversal to this trend, with a sharp rise in house prices. Sharp house price rise According to the Halifax, house prices rose by 2% in January, the highest rise in the first month of the year, for the past six years. Over the past quarter prices are up 1.9% and have risen by 8.5% over the past year, taking the value of ...

Your money: 7 things that have changed in the past month

Your money 7 things that have changed in the past month 150pxDuring the past month the Chancellor has delivered his Autumn Statement and we’ve had an avalanche of announcements and news all of which will affect your personal finances. We’ve rounded up the seven biggest changes that you need to know about. #1 Homebuyers: Stamp Duty cut In his Autumn Statement George Osborne announced major changes to the way Stamp Duty is calculated. At present anyone buying a residential property for more than £125,000 will pay Stamp Duty; calculated as a percentage of the ...

Halifax House Price Index: Prices fall for second month in a row

Halifax House Price Index: Prices fall for second month in a rowThe UK’s largest mortgage lender has revealed that house prices have fallen for the second month in a row. The latest figures from the Halifax House Price Index show house prices fell by 0.2% in April, following a drop of 1.1% in March. The fall has taken the value of the average home to £177,648. However, despite the falls over the past two months prices are still up by 2.3% over the past quarter ...

Land Registry House Price Index: Small fall in house prices

Land Registry House Price Index: Small fall in house pricesNew figures show house prices fell back slightly in March, although they are still significantly higher than the same time last year. The latest figures from the Land Registry, which looks at house prices in England and Wales, show a slight drop in March of 0.4%. However, the year on year figures still show a rise of 5.6% over the past 12 months, taking the average house value in England and Wales to £169,124. Unsurprisingly ...