Tag: mortgage availability

Halifax reports 1.2% fall in August house prices

Halifax reports 1.2% fall in August house prices

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, [...]

September 7, 2011 | 0 Comments More
Rics: Housing market remains weak in July

Rics: Housing market remains weak in July

The Royal Institution of Chartered Surveyors (Rics) has today reported that the UK housing market remained weak in July with house prices falling further. According to the Institution, homeowners remain reluctant to put their properties up for sale, while buyers continue to struggle to secure a mortgage and remain uncertain about the economic climate. The [...]

August 9, 2011 | 0 Comments More
Rightmove: Asking prices down for first time this year

Rightmove: Asking prices down for first time this year

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 [...]

July 18, 2011 | 0 Comments More
Housing market remains subdued, say surveyors

Housing market remains subdued, say surveyors

The Royal Institution of Chartered Surveyors (Rics) has today revealed the UK housing market remained weak last month. The Institution’s March monthly survey revealed sales and prices were flat, while interest from prospective buyers was waning. However, London appears to be bucking the trend with house prices in the capital rising for a second consecutive [...]

April 12, 2011 | 0 Comments More
Halifax reports 0.1% rise in March house prices

Halifax reports 0.1% rise in March house prices

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 [...]

April 6, 2011 | 0 Comments More
Survey reveals mortgage availability set to improve

Survey reveals mortgage availability set to improve

There is some good news for the housing market after a Bank of England survey revealed mortgage availability is set to improve in the coming months. The survey comes as mortgage lending continues to remain subdued as first-time buyers, in particular, struggle to obtain a mortgage unless they have a substantial deposit. Since the credit [...]

April 2, 2011 | 0 Comments More
Taylor Wimpey returns to full-year profit

Taylor Wimpey returns to full-year profit

Taylor Wimpey, which was formed by the merger of Taylor Woodrow and George Wimpey, today said it had returned to profitability but remains cautious. The housebuilder, which is the country’s third largest by value, said pre-tax profit before exceptional items came in at £75.1 million for the 2010 year - against a loss of £96.1 [...]

March 3, 2011 | 0 Comments More
Rightmove: Asking prices fall further in December

Rightmove: Asking prices fall further in December

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 [...]

December 13, 2010 | 0 Comments More
HMRC: House sales down in October

HMRC: House sales down in October

HM Revenue & Customs (HMRC) has revealed a slump in the number of homes sold in October in the UK. According to HMRC, 79,000 homes worth at least £40,000 or more were sold in the month, a fall of 11% on an annual basis. While it was 1,000 higher from September’s figure, it is evident [...]

November 24, 2010 | 0 Comments More
Mortgage lending down as funding challenges persist

Mortgage lending down as funding challenges persist

Gross mortgage lending fell to an estimated £10.2 billion in April, down 12% from £11.6 billion in March and 1% from £10.3 billion in April 2009. According to the Council of Mortgage Lenders (CML), a slight seasonal decline had been expected as Easter fell in April this year and gross lending remains broadly in line [...]

May 21, 2010 | 0 Comments More
Taylor Wimpey upbeat on buyer confidence

Taylor Wimpey upbeat on buyer confidence

Taylor Wimpey describes UK housing market conditions as “encouraging” since the start of the year, with continued gradual improvements in mortgage availability and buyer confidence. Britain’s second-biggest house builder estimates that it has achieved 99% of its half-year sales targets and 74% for the full year. Private sales volumes remain in line with a year [...]

April 30, 2010 | 0 Comments More
Average asking price of a UK home up 3.2%

Average asking price of a UK home up 3.2%

Rightmove has reported that a scarcity of new sellers bumped up asking prices by 3.2% in the four weeks to mid-February, taking the average asking price for a UK home to £229,298. The figure compares with £222,261 in January, which saw a monthly change of 0.4%. The leap set a new record for London at [...]

February 16, 2010 | 0 Comments More