Property website, Rightmove, has today reported a further rise in asking prices for the month of October. According to Rightmove, asking prices for residential property in England and Wales surged 2.8% in October on a monthly basis and were 1.2% higher compared with this time last year. This compares with a 0.7% monthly increase and [...]
Property website, Rightmove, has today reported a slight rise in asking prices for the month of September. According to Rightmove, asking prices for residential property in England and Wales rose 0.7% (or an average £1,596) in September. The property website, which claims to advertise 90% of the properties on the market, said the latest asking [...]
Property website, Rightmove, has today reported a drop in asking prices for the month of August – the second consecutive monthly fall. According to Rightmove, asking prices for residential property in England and Wales fell by 2.1% this month after a 1.6% decline in July. The property website, which claims to advertise 90% of the [...]
Property website, Rightmove, has today reported a drop in asking prices for the month of July – the first fall this year. According to Rightmove, asking prices for residential property in England and Wales fell by 1.6% in July. The property website, which claims to advertise 90% of the properties on the market, said the [...]
According to research from property website Zoopla, around 80% of properties acquired since 2006 are now worth less than their purchase price. However, 89% of homes bought since the housing market peaked in 2007 are also worth less than homeowners paid for them with the problem particularly bad in the North East. In the North [...]
Property website, Rightmove, has today reported a rise in asking prices for the month of June – the sixth consecutive month of growth. According to Rightmove, asking prices for residential property in England and Wales grew 0.6% in June after a 1.3% increase in May. The property website, which claims to advertise 90% of the [...]
Property website, Rightmove, has today reported a rise in asking prices for the month of April – the fourth consecutive month of growth. According to Rightmove, asking prices for residential property in England and Wales grew 0.9% on an annual basis. The property website, which claims to advertise 90% of the properties on the market, [...]
Property website, Rightmove, has today reported a rise in asking prices in the four week period to March 12. According to Rightmove, asking prices for residential property in England and Wales grew 0.9% on an annual basis, up from February’s 0.3%. On a monthly basis, asking prices were up 0.8%, slowing from February’s 3.1% – [...]
House sellers coming to market in February increased asking prices by 3.1%, compared with January, Rightmove reports. The typical home is currently for sale at £230,030 or 0.3% more than this time last year, but the bulk of vendors could face disappointment in today’s “three-tier” market. The property portal warns that lenders are focused on [...]
Property website, Rightmove, has today reported a rise in asking prices in the five week period to January 8 – the first such gain in three months. According to Rightmove, asking prices for residential property in England and Wales grew 0.3% – albeit a small gain compared to December’s fall of 3% and November‘s decline [...]
Property website, Rightmove, has today reported a further fall in asking prices in December. According to Rightmove, asking prices for residential property in England and Wales fell 3% – or £7,000 in the last month – the biggest drop since December 2007. The property website, which claims to advertise 90% of the properties on the [...]
Housebuilder Taylor Wimpey today said it had experienced a homebuyer slowdown, as a result of the Government’s spending cuts, which has deterred potential buyers. Its comments echo those of Persimmon who yesterday said there was little evidence of the traditional autumn period which usually sees families flock to new housing developments as the school summer [...]
Housebuilder Persimmon today added to the gloom surrounding the housing market after suggesting the lack of mortgage availability continues to prevent a recovery. The housebuilder, which is the UK’s second largest by market value, said that while it experienced a slight improvement in sales in during September – it was not the traditional pick-up noted [...]
Property website, Rightmove, has today reported a major fall in asking prices in November – as vendors cut their prices amid desperation to sell their property before the Christmas slowdown. According to Rightmove, asking prices for residential property in England and Wales fell 3.2% in the month – the biggest drop since December 2007. The [...]
Property website, Rightmove, has today reported a rise in asking prices in October – after three months of falls. According to Rightmove, asking prices for residential property in England and Wales rose 3% and the group attributed the rise to vendors refusing to adjust to new market conditions. Rightmove warned sellers that increasing their asking [...]
Nationwide has reported a 0.1% rise in the average UK house price in September (compared to August), taking the value of the typical home to £166,757. The movement left the annual rate of gain at 3.1%, down from 3.9% in August and 6.6% in July. Meanwhile, the three-month-on-three-month rate of change, which is a more [...]
The Council of Mortgage Lenders (CML) has today revealed gross mortgage lending fell 6% in August compared with the same month last year to £11.4 billion. The figure was also 14% lower compared with July and represented the lowest August monthly total since 2000, highlighting the ongoing sluggishness of the UK housing market. Commenting on [...]
It appears the housing market is headed for a double dip after property website, Rightmove, reported a further fall in asking prices in September. According to Rightmove, asking prices for residential property in England and Wales fell by 1.1% in the 5 weeks to 11 September – the third consecutively monthly fall. It follows falls [...]
Rightmove has reported that new homes coming onto the market are continuing to outstrip buyer demand, as the holiday season continues. According to the property portal, the average asking price of a UK home has fallen 1.7% (to £232,241) across the 117,000 properties added to the firm’s website in August, compared with a month earlier. [...]
Home owners coming onto the market have dropped their asking prices for the first time this year, according to Rightmove. The property portal reported a 0.6% decline in the average new vendor’s ambitions in July, amounting to £1,435 in hard cash. The website is currently accommodating an additional 30,000 properties a week, up 45% compared [...]
Gender directive could slash men’s annuity payouts
The EU Gender Directive, which came into force today, could see men losing up to £10,000 from their annuity payouts, according to research by PricewaterhouseCoopers. Under the new rules insurers are no longer allowed to take gender into account when setting annuity rates and premiums on insurance products. Men previously enjoyed higher annuity rates than [...]
Home rental costs down in November
The cost of renting a house in England and Wales fell by 0.4 per cent in November, its first dip since March, according to a survey by LSL Property Services. Average rent was £741m during the month, returning to the level seen in September. However, it was 3.4 per higher than in November last year. [...]
Lloyds TSB halts sale of packaged accounts in branches
Lloyds TSB will stop selling packaged account in its branches from 1 January 2013, until its sales procedures are brought into line with those operated by sister bank The Halifax. Lloyds TSB is one of the main providers of packaged accounts in Britain, with around one in three of its customers choosing to pay fees [...]
Housing market recovery to continue next year
Recent improvements in the housing market should continue into next year, according to the Council of Mortgage Lenders (CML) Gross lending is estimated to have increased to £12.9 billion in November, helped by the Funding for Lending scheme which provides banks and building societies with lower-cost funding, which they are then supposed to pass on [...]
Newcastle Building Society exits interest-only mortgages
Newcastle Building Society has stopped offering interest-only mortgages to new borrowers, following the lead of the Royal Bank of Scotland, Nationwide, Co-operative bank and Coventry Building Society. The decision will not affect existing Newcastle customers and applications for interest-only mortgages received before 14 December will still be processed. Prior to the credit crunch, interest-only mortgages [...]
Less than half of Brits considered creditworthy
Fifty-seven per cent of UK adults are at risk of having an application for credit turned down by a mainstream lender according to a new report. The ‘Mind the Credit Gap‘ report commissioned by aqua credit cards suggests that even people with a good credit rating and earning more than £50,000 could have a credit [...]
Monthly incomes £22 lower in 2012
The average monthly income of UK households fell by £22 in real terms compared with last year, according to a survey carried out for the Bank of England (BoE) by NMG Consulting. People on lower incomes have seen their income eroded more than higher earners and households still have high levels of debt the BoE [...]
Savers dig deep to fund Christmas
New research from the Halifax suggests that savers are funding their Christmas spending with money set aside for other purposes. Thirty-seven per cent of 2,138 savers surveyed by the bank at the end of November had withdrawn savings in the last three months. The average amount withdrawn was £1,186, more than double the average savings [...]
Financial data at risk from unsafe passwords
According to a survey by the Payments Council the problem of having to remember a different password for several accounts means that many internet users are compromising the security of their financial data. Internet users have 22 password-protected accounts on average and many use the same log-in details for more than one account, even though [...]
Wonga launches Paylater loans on retailer website
Payday loan company Wonga has launched a new Paylater service on furniture firm Cotswold Company’s website. The service, which allows customers to “buy now, pay later” will be introduced on other retailers’ sites in the near future. Although the Paylater branding is similar to Wonga’s, the Wonga name only appears in the small print. A [...]
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