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Which region saw the strongest growth in...

Which region saw the strongest growth in house prices in 2018?

With average prices rising by over £12K in 2018, this region is far outpacing London The West Midlands was last year’s regional house price winner, according to Halifax, recording a robust rise in house prices of 6.5%, compared to 5% in 2017. The region also boasted the largest cash terms price increase during 2018 – […]

Low deposit deals fall to record low rat...

Low deposit deals fall to record low rates

Borrowers without a large deposit are benefitting from a wider choice of deals and lower rates The average two-year fixed rate for borrowers with just a 5% deposit is at a record low, according to Moneyfacts. The financial information provider said that two-year fixed rates up to 95% LTV have fallen to 3.54%, from 6.52% […]

Government pledges £2bn of extra funding

Government pledges £2bn of extra funding for housing associations

As extra £2 billion will be available for housing associations from 2022 to build and manage tens of thousands of properties. Speaking at the National Housing Federation (NHF) Summit today, Prime Minister Theresa May commented that social housing is not the tenure for second class citizens. She said that that housing associations have the tools […]

1.8% house price growth for third consec...

1.8% house price growth for third consecutive month

Monthly prices rose modestly in August, according to the latest house price index from LSL Property Services and Acadata. Prices were up just 0.1%, but the report said this was enough to put an end to consistent falls seen every month since March. Regional variances are still very evident. Annual price increases, by contrast, remain […]

Owning a home is cheaper than renting in...

Owning a home is cheaper than renting in all areas of the UK

Potential first-time buyers would have lower monthly outgoings if they bought a property rather than renting one, with rental prices surpassing average mortgage repayments in every region of the UK, Santander Mortgages has found. Homeowners could save £2,268 a year if they were able to purchase a property rather than rent. The HomeLet Rental Index […]