UK house price growth slows to 10 per cent as energy crisis batters Brits house prices Annual UK house price growth slowed to 10 per cent in August, from 11 per cent in July.
Mortgage costs expected to grow by another £2,500 as inflation spirals zoopla The cost of a mortgage is expected to grow by another £2,500 by the end of this year, in comparison with December 2021, according to property site Zoopla today. Economists anticipate “sharp” hikes to mortgage rates in the coming months, as the Bank of England seeks to tame spiralling inflation, which is already at 9.1 [...]
Pace of house price growth slows as average price hits new record of £271.6k HOUSE PRICES House prices saw a slight slowdown in growth this month as the price tag of an average UK home hit a new record of £271,613. According to the Nationwide House Price Index, published on Thursday morning, UK annual house price growth slowed to 10.7 per cent in June. This was a subdued pace of growth [...]
Average UK house costs £271,613 as price growth shows ‘tenative signs of slowdown’ June 30, 2022 The pace of UK house price growth slowed modestly last month, with the price tag of a standard home hitting a new record high of £271,613. According to the Nationwide House Price Index published on Thursday, average prices increased by over £26,000 in the past year. The rate of annual growth slowed to 10.7 per [...]
Nationwide races ahead of competitors with five per cent rates June 21, 2022 One of the UK’s biggest high street banks is offering savers a five per cent interest rate as competition among lenders to secure deposits heats up. Nationwide today has upped its rates on its FlexDirect account on balances up to £1,500 for the first year from two per cent, a more than double increase. The [...]
Bonanza pay deal of up to £3.4m for new Nationwide chief executive June 19, 2022 The new boss of building society Nationwide could be awarded as much as £3.4m a year if she hits all targets. Debbie Crosbie is set to trouser a salary worth more than £1m while she will also be awarded up to £1.7m over seven years to cash out of pay deals at previous employer TSB. [...]
Nationwide posts strongest results on record on the back of Britain’s booming property market May 20, 2022 The world’s biggest building society, Nationwide, today posted its strongest financial results on record on the back of Britain’s booming property market. The mortgage lender said its underlying profits had more than doubled from £790m for the financial year 2021 to £1,604bn for the financial year 2022. Nationwide said it had performed well across its [...]
House price growth slows but remains in double digits April 29, 2022 Growth in house prices has slowed this month, but remains in double digits, according to the Nationwide House Price Index.
House price growth hits highest level since 2004 with record average of £265.3k March 31, 2022 Annual house price growth has increased to 14.3 per cent, from 12.6 per cent in February. According to Nationwide’s house price index, this was the strongest pace since November 2004. The price tag of the average home hit a new record of £265,312, an increase of more than £33,000 in the past year. Prices have [...]
Nationwide customers face online banking delays for the fourth time in three months February 28, 2022 Nationwide was hit with another outage this morning, with many users on social media complaining about payment and transfer delays.