Housing round up: Signs of a recovery and the demise of Interest Only mortgages

Housing & mortgage round upA busy week for the housing market! We have seen figures pointing to a possible recovery in the housing market, whilst three lenders change their criteria for Interest Only mortgages and buyers of the most expensive properties are hit with a rise in Stamp Duty. Nationwide say house prices rose in February The Nationwide’s house price index has shown that property prices rose by 0.6% in February taking the average property value to £162,712. The survey also showed that ...