Four action groups to tackle UK housing crisis

Nationwide Building Society is leading an action plan to tackle the UK housing crisis, which it says has been compounded by the pandemic. More than 25 major organisations have come together and formed action groups that will collaborate to help solve existing and...

Nationwide launches sub 1% five-year fix and slashes rates

Nationwide has introduced a five-year fixed rate sub-one percent mortgage product and has reduced rates by up to 0.4 per cent. The product has a rate of 0.99 per cent and is available from tomorrow at 60 per cent loan to value (LTV). It is eligible for customers...

Asking prices in July rose to another all-time-high

Asking prices in July rose to another all-time-high of £338,447 after increasing for the fourth month in a row and swelling by more than £20,000 in the last six months. Over the last six months, asking prices have risen by £21,389 and £2,374 since June making the 0.7...

HSBC launches its lowest ever fixed rate

HSBC has cut prices on around 40 fixed-rate mortgages by up to 0.3 per cent, leading to the lender’s lowest ever fixed rate mortgage of 0.94 per cent. The lender’s previous low had been a two-year fixed rate priced at 0.99 per cent which was capped at 60 per cent loan...

May’s property sales jump by 123% year on year: ONS

Residential property sales reached their highest May total for seven years last month as buyers rushed to take advantage of the stamp duty holiday, according to official figures. There were 103,100 residential sales in May on a provisional and non-seasonally adjusted...
Four action groups to tackle UK housing crisis

Four action groups to tackle UK housing crisis

Nationwide Building Society is leading an action plan to tackle the UK housing crisis, which it says has been compounded by the pandemic. More than 25 major organisations have come together and formed action groups that will collaborate to help solve existing and...

Nationwide launches sub 1% five-year fix and slashes rates

Nationwide launches sub 1% five-year fix and slashes rates

Nationwide has introduced a five-year fixed rate sub-one percent mortgage product and has reduced rates by up to 0.4 per cent. The product has a rate of 0.99 per cent and is available from tomorrow at 60 per cent loan to value (LTV). It is eligible for customers...

HSBC launches its lowest ever fixed rate

HSBC launches its lowest ever fixed rate

HSBC has cut prices on around 40 fixed-rate mortgages by up to 0.3 per cent, leading to the lender’s lowest ever fixed rate mortgage of 0.94 per cent. The lender’s previous low had been a two-year fixed rate priced at 0.99 per cent which was capped at 60 per cent loan...

May’s property sales jump by 123% year on year: ONS

May’s property sales jump by 123% year on year: ONS

Residential property sales reached their highest May total for seven years last month as buyers rushed to take advantage of the stamp duty holiday, according to official figures. There were 103,100 residential sales in May on a provisional and non-seasonally adjusted...

House building surges in May driven by consumer demand

House building surges in May driven by consumer demand

Construction order volumes grew in May at the fastest pace since records began 24 years ago, driven by the house building sector, the construction Purchasing Managers Index (PMI) showed. Construction output as a whole rose above pre-virus levels in May, with the house...

Buyers outnumber properties by 16 to 1

Buyers outnumber properties by 16 to 1

The percentage of properties selling for over the asking price reached the highest level on record as eager buyers outnumbered available properties by 16 to one, according to NAEA Propertymark. The trade body says that 32% of properties sold for more than asking price...

House prices continue upward trend, rising 10% in March: ONS

House prices continue upward trend, rising 10% in March: ONS

House prices in the UK rose 10.2% in the year to March 2021, the highest annual growth rate seen since August 2007. However, the figures from the Office for National Statistics come with the caveat that less transaction data is available for March, meaning there may...

Queen’s Speech unveils planning bill and leasehold reform

Queen’s Speech unveils planning bill and leasehold reform

The government will bring in a property planning bill aimed at modernising the planning system, according to the Queen’s Speech.  During the speech, the Queen outlined plans to modernise the planning system to enable more homes to be built, provide more help for...