Nationwide House Price Index: Small house price rise in May

Nationwide Building SocietyThe Nationwide has reported a small rise in house prices during May and also over the past 12 months. According to the Nationwide’s House Price Index, the value of the average home rose by 0.4% in May and was up 1.1% on the same time last year. The UK’s largest building society also revealed the average house price in the UK now stands at £167,912; higher than the other two major house price surveys from the Halifax and the Land ...

Housing & mortgage round up: Mortgage interest rates to fall? Location, location, location

Housing & mortgage round upA rare week of good news for the housing and mortgage market, when we look at the possibility of fixed rate mortgages becoming cheaper, a sharp rise in sales and evidence, if ever it was needed, that location is key to property prices. Mortgage interest rates set to fall? For the second time in a month we are reporting that mortgage interest rates could fall as lender's wholesale funding costs continue to drop....

Housing round up: Demand for property rises, but so do mortgage interest rates

Housing & mortgage round upIn a relatively quiet week for housing news new figures have shown that demand for housing has risen, as has the number of properties coming onto the market. At the same time mortgage interest rates seem to be on the rise. Demand for housing hits highest level for two years The end of the Stamp Duty holiday for first time buyers seems to behind a rise in new enquiries. Figures from the Royal Institution of Charted Surveyors (Rics) show that ...