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News Tag: Halifax

December 18, 2012

Savers dig deep to fund Christmas

by Jan Harris
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 Thirty-seven per cent of 2,138 savers surveyed by the bank at the end of November had withdrawn savings in the last three months. The average amount withdrawn was £1,186, more than double the average savings of £555 made by 75 per cent ...




December 6, 2012

Little change in house prices next year says Halifax

by Jan Harris
Little change in house prices next year says Halifax
The Halifax reported a 1 per cent monthly rise in house prices in November to £160,879 but says the housing market is 'more unclear than usual'. According to the lender’s figures, average house prices across the UK have been on a downward trend for the past six months. Compared with the previous year, prices have fallen 1.3 per cent and ...




November 6, 2012

Halifax reports fall in house prices

by Jan Harris
Halifax reports fall in house prices
House prices in the three months to October fell by 1.2 per cent compared with the previous three months, the Halifax said. According to the Halifax House Price Index, the average house price fell to £158,426 in October 2012, a fall of 0.7 per cent compared with the previous month, and 1.7 per cent lower than the average house ...




October 19, 2012

Bank of Scotland fined over inaccurate mortgage records

by Jan Harris
Bank of Scotland fined over inaccurate mortgage records
The Bank of Scotland has received a £2.4 million fine from the Financial Services Authority (FSA), for failing to keep accurate records on the mortgage payments of 250,000 customers of the Halifax between 2004 and 2011. An investigation by the FSA, following a spate of customer complaints, discovered that 160,000 homeowners were incorrectly excluded from a compensation programme. Errors occurred ...




August 6, 2012

Average house price falls to £161,000

by Jan Harris
Average house price falls to £161,000
House prices fell in July, to an average of £161,094 across the country, after increasing in the previous two months. Prices fell by 0.6 per cent in July, compared with the previous month, according to the Halifax House Price Index. Average prices are also 0.6 per cent lower compared with July 2011, the Halifax said. The bank expects prices to remain at ...




June 7, 2012

House prices unlikely to rise says Halifax

by Jan Harris
House prices unlikely to rise says Halifax
The Halifax expects house prices to be the same at the end of the year as they were at the beginning, with uncertain economic conditions stifling demand. The bank, which is part of the Lloyds Banking Group, reported a 0.1 per cent fall in house prices in May 2012, compared with May 2011. However, compared with the previous month, house prices increased ...




May 14, 2012

Price of seaside houses doubles

by Jan Harris
Price of seaside houses doubles
Homes by the sea have shown a greater price increase than inland properties, according to the latest figures from the Halifax. The price of houses in seaside towns has increased by 97 per cent over the last decade, compared with a 95 per cent increase for the whole of England and Wales. In Seaham, County Durham, the average property price increased ...




January 6, 2012

House prices down 1.3% in 2011

by Jan Harris
House prices down 1.3% in 2011
Mortgage lender the Halifax claims that house prices fell by 1.3 per cent last year to an average of £160,063, their lowest level since July 2009. According to the Halifax House Price Index, house prices fell 0.9 per cent in December, compared with the previous month. Although prices rose in the third quarter of 2010, they fell by 0.1 per ...




December 13, 2011

Economic gloom holding back the housing market

by Jan Harris
Economic gloom holding back the housing market
Although the demand for property increased in November, the ongoing economic downturn is holding back housing activity according to the latest report from the Royal Institution of Chartered Surveyors (Rics) Rics’ UK Housing Market survey for the three months to the end of November showed a small improvement in both demand from buyers and property sales during the month. Seven ...




December 6, 2011

ISA top-up announced by Treasury

by Jan Harris
ISA top-up announced by Treasury
The Treasury has announced plans to change ISA top-up rules to help strengthen consumer confidence in the security of the product. Currently, ISA investors who lose their savings due to the collapse of a financial firm are unable to refill their annual allowance. Any savings lost as a result of a firm failing are still counted as part of the amount that ...




Halifax expects housing market to hold steady

by Jan Harris
Halifax expects housing market to hold steady
The Halifax reported a 0.9 per cent fall in house prices in November, compared with the previous month, and it expects the housing market to remain steady over the winter. November’s fall in house prices came despite a 3 per cent increase in the number of mortgages approved during the month to 52,700, according to the Bank of England’s figures. Data ...




December 2, 2011

Lloyds backs down on ATM restrictions

by Jan Harris
Lloyds backs down on ATM restrictions
Following pressure from the Treasury Select Committee, people who hold basic bank accounts at Lloyds TSB will have access to thousands more cash machines from next year. Basic bank account holders are people who are not eligible to open a standard bank account because they have a poor credit score. In 2006 Lloyds TSB decided to restrict basic bank account holders ...




November 7, 2011

October house prices up but north/south divide worsens

by Jan Harris
October house prices up but north/south divide worsens
New figures from the Halifax show a 1.2 per cent increase in house prices in October, however compared with a year ago they have fallen by 1.8 per cent. In the three months to the end of October, house prices fell by 0.3 per cent, compared with the previous quarter, representing the first fall since June, according to the ...




October 6, 2011

Halifax reports 0.5% fall in September house prices

by Kay Mitchell
”Halifax
The Halifax has today revealed UK house prices fell by 0.5% in September on a monthly basis and follows a 1.2% fall in August. The latest fall takes the average cost of a UK home to £161,132, the Halifax said. On an annual basis, meanwhile, prices are 2.3% lower, said the lender, which is now part of the Lloyds Banking Group. When ...




September 7, 2011

Halifax reports 1.2% fall in August house prices

by Kay Mitchell
”Halifax
The Halifax has today revealed UK house prices fell by 1.2% in August on a monthly basis – reversing the gains noted in the previous three months. The latest fall takes the average cost of a UK home to £161,743, the Halifax said. However, on an annual basis, prices are 2.6% lower, said the lender, which is now part of ...




August 5, 2011

Halifax reports 0.3% rise in July house prices

by Kay Mitchell
”Halifax
The Halifax has today revealed UK house prices rose by just 0.3% in July on a monthly basis – the third consecutive monthly rise. The latest rise takes the average cost of a UK home to £163,981, the Halifax said. However, on an annual basis, prices are 2.6% lower. When comparing prices in the three months to the end of ...




July 6, 2011

Halifax reports 1.2% rise in June house prices

by Kay Mitchell
”Halifax
The Halifax has today revealed UK house prices rose by 1.2% in June on a monthly basis. The rise represented the biggest month-on-month gain since October and takes the average cost of a UK home to £163,049, the Halifax said. However, on an annual basis, prices are 3.5% lower. When comparing prices in the three months to the end of June ...




June 7, 2011

Halifax reports 0.1% rise in May house prices

by Kay Mitchell
”Halifax
The Halifax has today revealed UK house prices rose by just 0.1% in May compared with April. The latest house price rise takes the average cost of a UK home to £160,519, the Halifax said. Meanwhile, on an annual basis, prices are 4.2% lower – the biggest annual fall since October 2009, said the lender. Uncertainty surrounding the economy has driven prices ...




May 31, 2011

Survey reveals first-time buyer fears

by Kay Mitchell
”Survey
A survey by the Halifax has revealed many first-time buyers fear they will not be able to get on the property ladder. The survey of 4,000 non-homeowners found two-thirds believe home ownership is unattainable. Stricter lending criteria, which has resulted in lenders demanding large deposits, is deterring many would-be homebuyers, according to the survey. Almost half of those questioned said they would like to save ...




May 9, 2011

Halifax reports 1.4% fall in April house prices

by Kay Mitchell
Halifax reports 1.4% fall in April house prices
The Halifax has today revealed UK house prices plunged by 1.4% in April compared with March, driven by weak consumer confidence in the housing market. The latest house price rise takes the average cost of a UK home to £160,395, the Halifax said. Meanwhile, on an annual basis, prices are 3.7% lower – the biggest annual fall since October 2009, ...