House prices continue their steady upward climb April 1, 2025 House prices continued to rise in March as easing affordability pressures – alongside the end of the stamp duty holiday – boosted demand. UK house price growth remained stable in March at 3.9 per cent, the same as in February, according to Nationwide’s house price index. “These price trends are unsurprising, given the end of [...]
UK mortgage approvals dip in February March 31, 2025 Mortgage approvals for house purchases decreased again in February as gains in consumer credit borrowing slowed down by £300m compared to January, the Bank of England said on Tuesday. House buying appeared to slow down as lenders approved around 65,500 mortgages in February, compared to some 66,100 in January. January saw a decrease of around [...]
Rightmove: 74,000 house buyers to narrowly miss stamp duty deadline March 17, 2025 Rightmove’s stamp duty report has identified an estimated 74,000 moves, which includes 25,000 first-time buyers, that will just miss the March 31 deadline and complete in April. They form the unlucky section of a “massive log-jam” of 575,000 movers hoping to complete ahead of the tax change, Rightmove said. Collectively, the buyers are set to [...]
Five reasons the UK has a housing crisis March 12, 2025 Britain's housing crisis is acute: the nation today has a backlog of 4.3m homes. Here's why.
Buy-to-let market ‘resilient’ despite fears of landlord exodus March 11, 2025 UK landlords are more optimistic than previously thought about buy-to-let as the market gears up to absorb economic and regulatory challenges, according to a new survey. A survey of 300 UK landlords has found that a third of landlords plan to expand their portfolios this year, while 43 per cent expect yields to improve. “It [...]
Housebuilder Persimmon to post higher profit amid slow recovery in demand March 9, 2025 Housebuilder Persimmon is expected to report a rebound in profits next week after two years of steep declines, after the housing market made a slow recovery in 2024. The FTSE 100 company will post its financial results for last year on Tuesday In January, Persimmon said profit would come in towards the top end of [...]
First-time buying pushes house prices up ahead of stamp duty deadline February 28, 2025 First-time buyers continued to drive the housing market in February as they rush to purchase homes before the end of the stamp duty holiday at the end of March. The annual rate of UK house price growth was 3.9 per cent in February, compared with 4.1 per cent in January. House prices rose by 0.4 [...]
Yorkshire Building Society profit tumbles as margins fall February 27, 2025 Profit took a tumble at Yorkshire Building Society, as declining interest rates tightened the firm’s interest margins. The building society booked a £385.2m profit in 2024, compared to the £453.7m pocketed in 2023. The decline was largely due to net interest income falling £49.5m year-on-year, as increased pressure on mortgage and saving books boosted reductions. [...]
Skipton Building Society’s annual results boosted by first-time buyers February 26, 2025 Skipton Group, which includes the UK’s largest estate agency, Connells and Skipton Building Society, has announced a record return of value to its members after a bumper year at the group. The group’s pre-tax profit fell to £318.6m in 2024, down from £333.4m the year prior. The group cited downward pressure on net interest income [...]
Value of UK housing stock hits £9 trillion for the first time February 17, 2025 The total value of all homes across the UK has passed £9 trillion for the first time, according to new research by property firm Savills. After a brief slump in 2023, the UK’s housing stock grew by £346bn last year – meaning it is now more than 3.5 times the annual GDP of the UK. [...]