UK house prices climb to new heights in April due to “surplus in demand which is outpacing supply” April 29, 2015 House prices climbed higher in April, new figures from a major mortgage lender reveal. Annual house price growth edged up to 5.2 per cent in April from March’s 5.1 per cent. The average UK house price is now a £193,048 – the highest on record. Housing analysts blame a lack of supply for [...]
Nationwide House Price Index: UK house prices hit a new record high April 29, 2015 UK’s house price growth rose by an annual rate of 5.2 per cent in April, a small rise from March’s figure of 5.1 per cent. This put the average cost of a house in the UK at £193,048, the highest since records began. The figures According to data from Nationwide, UK house prices rose one per [...]
Santander profits rise as it wins over current account customers April 28, 2015 Santander UK’s profits rose sharply in the first quarter as the lender continued to win customers from rivals. The high street bank yesterday reported profits of £470m for the three-month period, up 13 per cent on the year. It is engaged in a fierce battle with Halifax for new current account customers. Both brands offer [...]
UK mortgage lending starting to edge upward April 28, 2015 MORTGAGE lending and lending to businesses picked up in March. The number of new house-purchase mortgages totalled 38,751 in March, up from February’s 37,453, according to figures released by British Bankers Association (BBA) yesterday. It marks the highest level of monthly mortgages in six months. The rise in the number of mortgages saw lending for [...]
London house prices: Kensington and Chelsea is now growing more slowly than Bristol April 24, 2015 London has lost its housing crown: for the first time since 2005, central London price growth is being outpaced by cities across the UK. According to data from HomeTrack, the triple-threat of electoral uncertainty, mansion tax fears and affordability issues have conspired to slow growth in the country’s most-valuable areas. Boroughs such as Chelsea and [...]
David Cameron urges City workers: Labour-SNP coalition would be toxic for Britain – don’t put UK’s economic recovery at risk April 23, 2015 We have less than two weeks to save our economy. Stark, but true. At this election, the difference in economic policy on offer is more marked than it has been for a generation. The Conservative offer is clear: a continuation of the long-term economic plan that is turning our country around. Last year we were [...]
Mortgage lending lull ends as March registers upturn as General Election uncertainty fails to make slow demand April 23, 2015 Mortgage lending has picked up in March following a slow start to 2015, data released yesterday by the Council for Mortgage Lenders (CML) show. Gross mortgage lending reached £16.5bn, 21 per cent higher than in February and seven per cent higher than March last year. Lending remains below levels seen last summer and is far [...]
Taylor Wimpey upbeat as order book swells in Spring selling season April 23, 2015 TAYLOR Wimpey said yesterday that it has enjoyed a strong start to the spring selling season thanks to high levels of customer confidence, driven by improving job prospects and more competition in the mortgage market. The housebuilder, which has 24 regional businesses across the UK, said its total order book has grown by 24 per [...]
Taylor Wimpey upbeat on UK housing market as buyers shake off General Election jitters April 23, 2015 The figures Taylor Wimpey has made an upbeat start to 2015, with an average private net reservation rate of 0.76 sales per outlet per week for the year to date – suggesting house buyers aren't worried about the impact of the general election (and given housebuilding is one of the few sectors that stands to benefit, [...]
London house prices: Capital homes increasingly unaffordable April 19, 2015 Homes in London have become drastically less affordable under the current government, according to a new report published today. A consumer’s capacity to buy a home in the capital is now 77 per cent worse than it was in 2010, according to the latest Ability to Buy index from the estate agent Hamptons International. London [...]