Land Registry House Price Index: Prices static in May

Land Registry House Price IndexThe latest figures from the Land Registry show house prices remained static in May, rising by just 0.1%. The small rise takes the value of the average home in England and Wales to £161,969, following a 0.5% increase over the past 12 months. The Land Registry is generally regarded as the most comprehensive house price survey. The latest publication reveals 56,800 homes were sold in May, with the cheapest going for just £10,000 whilst the most expensive was sold ...

Repossessions 17% lower than in the first quarter of 2012

iStock_000015237111XSmallRepossessions have fallen by 17% when compared to this time last year, according to new data published by the Council of Mortgage Lenders (CML). The repossession rate remained at 0.07% for the first quarter of 2013, meaning that approximately 1 in 1,400 mortgaged properties were repossessed. Mortgage arrears The CML data also shows the numbers of mortgages in arrears has remained unchanged for almost a year. At the end of the first quarter, 159,800 mortgages were in arrears of at least 2.5% of ...

Housing round up: House prices and repossessions rise slightly

Housing & mortgage round up_istockphotoA busy week for housing news as the Halifax release their latest house price data, news that repossessions are on the rise, whilst there is a warning for all buy to let landlords. House prices rise The latest figures from the Halifax show house prices rose in April by 1.1%. According to the UK’s largest mortgage lender, house prices also rose by 2% over the past year and by 1.3% over the last three months, taking the value of the ...

Housing & mortgage round up: The ‘bank of mum and dad’, repossessions fall and mortgage overpayments

The ‘bank of mum and dad’ repossessions and mortgage overpaymentsWe are delighted to bring you a wide range of stories this week, with not a single house price survey in sight! We look at new research which shows just how vital the ‘bank of mum and dad’ is to first time buyers, predictions for the housing market in 2013, the latest repossession figures and an increase in the number of people overpaying on their mortgages ‘Bank of mum and dad’ grows in popularity We’ve written ...