Housing round up: prices fall and mortgage fees rise

Housing & mortgage round upIn this week’s housing round up we take a look at the latest Halifax house price survey, evidence that mortgage arrangement fees are getting more expensive and research which shows fixed rate mortgages are getting cheaper. Halifax house price survey The latest Halifax house price survey has shown that prices fell in September by 0.5%, compared to August, this means that according to the Halifax house prices have dropped by 2.3% over the last year, with the average UK house now worth ...

UK house prices rose by 0.8% in January

House prices in Britain rose slightly last month. Home owners are reluctant to place their property on the market while prices remain low. UK house prices increased by 0.8% in January. However, the figures were still 2.4% lower than the same period last year, according to the Halifax. The statistics revealed by the Lloyds Banking Group lender highlight that the average price of a British home now stands at £164,173. Halifax's housing economist Martin Ellis said: "We expect limited movement in house prices overall this year. There are, however, likely to be some monthly fluctuations with the risks on the downside".

House prices rose by 0.6 per cent in July according to Halifax report

House prices in the UK have risen by 0.6 per cent in July making up for the fall in June, according to a report from the Halifax. This puts prices at 8.3 per cent higher than the lowest level recorded in April 2009 but still 16 per cent lower than the peak in August 2007. Martin Ellis, housing economist at the firm, said: "House prices increased by 0.6% in July, reversing the fall in June. Overall, there has been little change in prices during 2010 so far. The mixed pattern of monthly rises and falls over the first seven months of the year is consistent with a slowing market. It is also in line with our view that house prices will be broadly unchanged over 2010 as a whole".