The latest house price index from the Department for Communities and Local Government claims that in January, prices were up 6.2% year-on-year, having risen 2.2% since December. The analysis puts the value of the average UK home at £207,159 in January, having shown an increase of 4.8% over three months. The quarterly figure compares with [...]
Since the start of the year, house sales in England and Wales have fallen dramatically, the BBC reports. New data obtained by the BBC from research-based consultancy, Acadametrics, show January transaction levels down 52% on December, at 36,000. February looks little better with an estimated 40,000 completed sales, although seasonal trends, winter weather, and the [...]
Latest UK house price statistics from the Department for Communities and Local Government (DCLG) show the value of a typical home up 2.9% in December, compared to a year earlier. The month saw a 0.8% increase on November, taking the average house price to £200,307 and completing a 2.9% gain for the final quarter of [...]
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 [...]
Homeowners in England and Wales saw a 20% drop in the proportion of their take-home pay spent on monthly mortgage repayments in 2009. The latest mortgage affordability research from Barclays’ Woolwich lending arm reveals that in December 2008, mortgage borrowers spent an average £196 of every £1,000 of their monthly take-home pay on their home [...]
Halifax has identified the most expensive addresses in England and Wales, with Wycombe Square in the Royal Borough of Kensington and Chelsea topping the league at an average property price of £5,401,447. According to the lender’s research, the Royal Borough provides half of the 20 most expensive residential streets in the survey, while Greater London [...]
Hometack expects the housing market in England and Wales to feel the effects of rising unemployment in the months ahead. The housing intelligence firm is predicting a 1% fall in the average cost of a home in 2010, despite a rise of 0.1% in December, which followed on from a 0.2% increase in November. However, [...]
Rightmove has reported that the average asking price for a home in England and Wales fell for the second consecutive month during December. The property website recorded a typical 2.2% drop in vendors’ ambitions over the four weeks to 5th December (to £221,463) following a 1.6% decline during the previous four week period. Meanwhile, the [...]
House prices in England and Wales increased 0.2% in November, according to Hometrack. The fourth consecutive monthly rise eased the annual decline to 2.9%, compared with 4.2% in October. The research also revealed that price rises had a strong regional bias, with London and the South East reporting growth in 79% and 57% of post [...]
Land Registry figures shows house prices in England and Wales rising 0.6% in October 2009, compared to a month earlier. The average value of a home increased for the fifth successive month, to £159,546, with the annual decline falling back to minus 3.4%. The North West of England saw the biggest monthly gain, at 1.9%, [...]
With the stamp duty holiday due to end on 31st December, the Royal Institution of Chartered Surveyors (RICS) is warning that a return to the previous structure of the tax could have a detrimental affect on the UK’s fragile property market. According to the body, regions that are already lagging behind in the recovery will [...]
Carmarthenshire Council has been slammed for profiting from cancer, disease and death by investing £12 million in cigarette company British American Tobacco (BAT). The money is from Dyfed Pensions Fund, which pays for the pensions of council workers and councillors in the Welsh counties of Carmarthenshire, Ceredigion and Pembrokeshire. Church leaders in Carmarthen lambasted the [...]
Businesses need to start behaving ethically or risk losing customers, a consumer trends specialist claimed this week. James Alexander, founder of online marketplace Zopa, said businesses that fail to develop ethical values will struggle to attract and maintain customers in the future. “Companies need to be aware that their customers want them to behave responsibly [...]
Official figures show house prices in England and Wales rising by 1.7% in July, compared with June, marking the biggest monthly increase since July 2004. According to Land Registry data all regions recorded a monthly rise in values, nudging the average cost of a home up to £155,885 (from £153,046 in June) and easing the [...]
The Insolvency Service has today revealed the impact of the recession after the number of people being declared insolvent in England and Wales hit a record high. According to the figures, a record 33,073 people in England and Wales were declared insolvent in the second quarter of 2009. This represents a rise of 9% compared [...]
Rightmove has reported that the average asking price of homes in England and Wales fell 0.4% in the five weeks to 13th June. The decline follows a 2.4% rise in the same period to 9th May, equating to a jump of £5,000 in a typical vendor’s ambitions. According to the property website, the average asking [...]
Housing intelligence firm, Hometrack, has reported that house prices in England and Wales stabilised in May, following a 20 month period of decline. The result follows a 0.3% fall in April and leaves the average cost of a home at £155,600, down 9.6% on a year ago. Last month only 13% of postcode districts recorded [...]
Two thirds of Brits are proud of the region in which they live, according to a poll by Halifax Home Insurance. North-east England is the proudest region, with 73% of Brits living here feeling regional pride. Wales came in second place, with 71% declaring pride for their homeland. The East Midlands was the least proud, [...]
The average asking price of a home in England and Wales has increased for the fourth consecutive month, according to Rightmove. The property website has reported a 2.4% rise in the four weeks to 9th May, equating to a jump of £5,000 in the average vendor’s ambitions and taking the average asking price to £227,441. [...]
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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