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 [...]
According to housing intelligence group, Hometrack, house prices in England and Wales fell in September – the 15th consecutive monthly fall. According to Hometrack, house prices dipped by 0.1% in September on a monthly basis and are 3.5% lower on the year. Hometrack attributes the ongoing trend to weak demand for housing on the uncertainty [...]
The housing market in England and Wales is “in broad equilibrium” despite prices continuing to edge lower, according to Hometrack, which recorded a 0.1% fall in the value of the typical dwelling in July, compared with June. However, there are wide regional variations: prices moved higher across 8% of postcodes (primarily in London) and were [...]
According to housing intelligence group, Hometrack, house prices in England and Wales have fallen at their fastest annual pace since October 2009. According to Hometrack, house prices fell by 0.1% in June and are 3.9% lower on the year. House prices have now fallen for 11 consecutive months, according to the group. Hometrack attributes the [...]
According to housing intelligence group, Hometrack, house prices in England and Wales fell at their fastest annual pace since October 2009 last month. According to Hometrack, house prices fell by 0.1% on the month and are 3.7% lower on the year. House prices have now fallen for 10 consecutive months, according to the group. Hometrack [...]
House prices in England and Wales were unchanged in April, with no price fall recorded for the first time in nine months, according to Hometrack. A 0.3% rise in London prices offset small falls of up to -0.3% across other regions, with just under a quarter of the country showing falls. The housing intelligence firm [...]
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 [...]
According to housing intelligence group, Hometrack, house prices in England and Wales fell for the eighth consecutive month in February. According to Hometrack, house prices fell by 0.2% on the month – however, this was the smallest decline for six months. On an annual basis, meanwhile, house prices were 2.7% lower in February – the [...]
According to housing intelligence group, Hometrack, house prices in England and Wales fell for the seventh consecutive month in January. According to Hometrack, house prices fell by 0.5% on the month to £153,600. On an annual basis meanwhile, house prices were 2.2% lower in January. Hometrack believes that house prices will continue to fall, in [...]
The Bank of England has today revealed mortgage approvals fell again in October – to an eight-month low. According to the Bank, there were 47,185 loans approved in the month – the lowest level since February, albeit in line with expectations of 47,000. The figure is less than half the level reached at the height [...]
According to housing intelligence group, Hometrack, house prices in England and Wales fell for the fifth consecutive month in November. According to Hometrack, house prices fell by 0.8% on the month in November to £155,000. The ongoing fall in values continues to be the result of a higher level of instructions on the market and [...]
According to housing intelligence group, Hometrack, house prices in England and Wales fell for the fourth consecutive month in October. According to Hometrack, house prices fell by 0.9% on the month in October to £156,200 – the lowest level since September 2009. The ongoing fall in values continues to be the result of a high [...]
Hometrack recorded a 0.4% fall in house prices across England and Wales in September, as buyer demand slid by 2.9%. The average amount of time needed to sell a property increased to 9.3 weeks, up from 8.9 weeks in August. The South West posted the largest monthly decline, at 0.6%, followed by -0.5% in the [...]
Hometrack’s August housing market survey shows buyer interest in England and Wales falling away for the second consecutive month. Demand from new buyers declined by 2.2% on July, while the number of properties on the market rose by 2.4%. The shift cannot be blamed entirely on seasonal factor, with the typical rise in new properties [...]
New research from Hometrack shows house prices in England and Wales slipping in July, for the first time in 15 months. The housing intelligence firm has recorded a 0.1% decline as the market continues to take up the impact of a surge in new instructions, alongside a 1.3% drop in new buyer enquiries. Hometrack director, [...]
Hometrack has reported that new buyer registrations virtually ground to a halt in June, increasing by just 0.1%. Six out of ten UK regions saw a decline, with London posting the largest fall at minus 0.9%. According to the housing intelligence firm, growth in demand has been slowing for the last four months as the [...]
UK house prices rose by an average 0.2% in April (compared with 0.3% a month earlier), as instructions for house sales outstripped new enquiries from potential buyers. According to Hometrack, the number of new buyers registering with agents rose by 1%, the smallest increase so far this year, while growth in new instructions stood at [...]
Hometrack has reported a 0.3% rise in house prices in February, compared to January. Southern England continued to see the greatest upward pressure on prices, with average values in London up by 0.7% in the month. According to the housing intelligence firm, February also saw the first year-on-year rise since March 2008, at 0.4%, and [...]
Hometrack has declared that the housing market in England and Wales has seen a “sluggish” start to the year, after an unexpectedly strong end to 2009. In its January survey, the housing intelligence firm detected a 0.1% rise in the price of the average home, compared with December; however, the year-on-year rate of grow stood [...]
Lenders are shunning the remortgage market, and the situation is unlikely to change until 2011, according to housing intelligence outfit, Hometrack. The firm’s strategy, risk and economics director, Gary Styles, explains that lenders have been focusing their attention on house purchase lending, in some cases because they have government targets to hit. In addition, remortgaging [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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