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 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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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. [...]
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 [...]
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 [...]
The Halifax has today revealed UK house prices crept up by 0.1% last month compared with February, when prices dropped 0.9%. The latest house price rise takes the average cost of a UK home to £162,912, the Halifax said. Meanwhile, in the three months to March, prices dropped 2.9% compared with the same period a [...]
The Halifax has today revealed UK house prices fell by 0.9% last month compared with January, when prices rose 0.8%. The latest house price rise takes the average cost of a UK home to £162,657, the Halifax said. Meanwhile, in the three months to February, prices dropped 2.8% on an annual basis - the fastest [...]
The Halifax has today revealed UK house prices rose by 0.8% last month compared with December, when prices fell 1.3%. The latest house price rise takes the average cost of a UK home to £164,173, the Halifax said. According to the lender, which is part of the Lloyds Banking Group, house prices are now 2.4% [...]
Research by the Halifax has revealed that between 2000 and 2010, house prices have risen faster in the North than in the South - the first time ever. According to the lender, the price of the average home in the North has risen by 102% in the 10 year period, compared with a rise of [...]
Which? report claims free banking is a myth
A new report by consumer group Which? highlights the high charges that can be applied to ‘free’ current accounts. While these accounts are free while in credit, charges can be applied if a customer goes overdrawn, especially if they do so without permission. Customers can also be charged for overseas transactions and for agreed overdrafts. [...]
Households more optimistic about their finances
Household finances are still deteriorating, but at a slower rate, according to the Markit household finance index. The index increased from 37.5 in July to 38.9 in August, with figures above 50 representing a positive change in household finances, and figures below 50 representing a negative change. The August figure represents the third consecutive monthly [...]
Think tank calls for council housing sell off
The Policy Exchange, a leading UK think tank, is calling for expensive social housing to be sold as it becomes vacant. This could raise £4.5 billion a year and the money could be used to create the largest social house building programme since the 1970s, the think tank suggests in a new report. Between 80,000 [...]
Barclays appoints new chairman
Barclays has announced the appointment of Sir David Walker as its new chairman. He will take over from Marcus Agius who resigned from the role after Barclays was fined £290 million by regulators in the UK and US for manipulating Libor, the interbank lending rate. The appointment of Sir David, a respected and experienced banker, [...]
Post Office stepping up mortgage offering
The Post Office is expanding its mortgage service with the introduction of mortgage specialists in its branches. Mortgages have been available from the Post Office since 2009, but applications have had to be made online or over the phone. It currently offers mortgage with deposits as low as 10 per cent and plans to enhance [...]
Help Loan closed after breaching money-laundering rules
Payday Loan company MCO Capital has been closed down by the Office of Fair Trading (OFT) and fined £544,000 after failing to check the identity of its borrowers. The firm, which traded as Help Loan, was targeted by criminals and cheated of more than £1.5m by the fraudsters due to its negligence. The criminals stole [...]
Health insurance becoming unaffordable warns Bupa
The rising cost of private healthcare is pushing health insurance in the UK up to unaffordable levels, according to international healthcare group Bupa. A lack of competition among private hospitals has led to the cost of treatment rising, and the insurer says that this could lead to health insurance becoming unaffordable. An increase in the [...]
Bank of England forecasts zero economic growth
The Bank of England does not expect the UK economy to grow at all this year according to its latest quarterly report. It had previously forecast growth of 2 per cent for 2012 but recent gloomy economic data has led to the growth forecast being revised downwards. The forecast for medium-term growth has also been [...]
Standard Chartered in money-laundering scandal
Standard Chartered has become the latest UK bank to be accused of illegal activity. It has been accused by the New York department of financial services of hiding $250 billion worth of illegal transactions with Iranian banks between 2001 and 2010. The US regulator claims that the bank, which has wholesale banking, corporate finance and [...]
Economy benefiting from PPI refunds
The UK economy is receiving a welcome boost from compensation paid by banks to customers who were mis-sold payment protection insurance (PPI). British banks have already paid out £9 billion after it came to light that they had been routinely mis-selling insurance policies designed to protect repayments on mortgage, loan and credit cards. With payouts [...]
About | Privacy | Disclaimer | Resources | XML Feeds | Press Releases | Directory | Contact us
