Nationwide House Price Index: Steepest rise for three years

Nationwide Building SocietyThe latest figures from the Nationwide House Price Index show a sharp jump in house prices over the past 12 months. According to the UK’s largest building society, house prices rose in July by 0.8%, with the London market again leading the way. Over the past 12 months, the Nationwide reported prices have risen by an average of 3.9% across the UK; the fastest rate of growth since August 2013....

Retirement: Rise in over 50’s renting their home

iStock_000001437287_ExtraSmallTraditionally the thoughts of people moving into their 50’s have turned to retirement and repaying their mortgage. However, new figures show an increase in the number of people over the age of 50 renting their home. The latest Countrywide Quarterly Lettings Index, for the second quarter of 2013, shows a 6% rise in the number of over 50’s renting their home compared to the same time last year. Experts believe the number of over 50’s living in rented accommodation could be down to a ...

6 Hints & tips to help your children get onto the housing ladder

ladder to the sky A recent survey from the housing charity Shelter, has showed just how hard it is for many would-be first timebuyers to get onto the housing ladder. The full survey results can be found by clicking here. The main findings though were shocking: The average purchase price paid by a first time buyer in England is £139,920 The average deposit put down is £27,894, equivalent to 20% of the purchase price It will take a couple ...

Retirement: One in Five over 55’s want to ‘downsize’ their home

iStock_000001437287XSmallA recent study conducted by retirement specialist Key Retirement Solutions, has revealed 20% of over 55’s want to downsize their property to save money in retirement. Financial experts point out there are many reasons why people over the age of 55 might want to downsize. The survey found 19% of respondents couldn’t afford to run their home, whilst 4% have admitted they must downsize because they can’t afford their monthly mortgage payments. The survey also found that when downsizing, the average ...