Halifax House Price Index: Price rises gather pace

HalifaxAfter the Nationwide released their latest house prices figures last week, today is the turn of the Halifax. According to the UK’s largest lender house prices rose by a modest 0.4% in August, but are up 5.4% over the past 12 months, taking the average house value to £170,231. The annual rise reported by the Halifax is higher than the 3.5% figure given by the Nationwide, who in turn reported a larger rise in August; both lenders broadly agree on the value of the ...

Nationwide House Price Index: House prices “change little” in April

Nationwide Building SocietyThe latest house price figures have revealed little change over the past month. According to the Nationwide, the UK’s largest building society, house prices fell by 0.1% in April, taking the value of the average home to £165,586. The small fall in April comes on the back of a slight rise of 0.20% in February and no change in March, pointing to a sluggish period for house prices, during a traditionally busy time. However, the Nationwide’s figures do show a modest ...

Mortgage & Housing Round Up: House prices rise, but mortgage approvals fall

Housing & mortgage round up_istockphotoAn interesting week for housing and mortgage news. We start with the Bank of England’s interest rate announcement, which brought no surprises and then move on to the latest house price figures from the Halifax and some confusing mortgage approvals data. Bank Base Rate on hold Unsurprisingly the Bank of England’s Monetary Policy Committee (MPC) decided to leave base rate on hold at 0.50% for yet another month. With the new Governor, Mark Carney, due to take up his position in July, it appears that the MPC is in ...

Housing & Mortgage Round Up: HMRC clampdown on buy to let investors, as house prices rise

Housing & mortgage round up_istockphotoWe’ve got the usual wide range of stories in this week’s Housing & Mortgage Round Up, including a crackdown by HMRC on buy to let landlords, interest rate news and the latest house price survey from the Halifax. Bank of England leaves interest rates unchanged, again! As expected the Bank of England’s Monetary Policy Committee (MPC) has left base rate on hold at 0.5% for another month. It’s now four years since ...