Nationwide House Price Index: House prices fall despite rises in London

Nationwide House Price Index figures for February 2013Hot on the heels of the latest figures from the Land Registry, the Nationwide has published its House Price Index for February. The latest figures from the Nationwide show house prices rose by 0.2% last month but fell by 1.1% over the past year. According to the UK’s largest building society the average home is now worth £162,638, almost identical to the figures produced by the Land Registry and the Halifax. London propping up the housing market The ...

Housing & mortgage round up: Slow week for housing news

After last week’s bumper round up, including the house price figures from the Halifax and Nationwide, this week has been relatively quiet for housing news. We have however managed to find a few interesting stories for those of you who need your weekly fix of housing and mortgage news. Mortgage lenders cut interest rates again As the effects of the government’s Funding for Lending Scheme (FLS) kicks, 10 mortgage lenders have reduced the interest rates on many of their deals. Amongst the lenders dropping their rates ING Direct has cut their two and five year fixed rates, whilst Nationwide are cutting their two ...