Average cost of a UK home is now a quarter of a million pounds

Property prices have risen by 10% in the last year, as the housing market defied the pandemic The price of a typical UK home has topped a quarter of million pounds for first time, according to Nationwide, hitting £250,311 in October. The building society said that...

Bank of Gran and Grandad gifts £437m over stamp duty holiday

The Bank of Gran and Grandad was open for business during the stamp duty holiday, gifting £437.3m towards buying homes for younger relatives over the last 15 months, according to Key. The relief from the tax ends on Thursday, but during that time over-55s have given...

Labour Party pledges to set up building works agency

The Labour Party has pledged to set up a ‘building works agency’ to fund post-Grenfell repairs. Speaking at the Labour Party Conference, Shadow Housing Secretary Lucy Powell said her party has “a plan” to solve the building safety crisis if re-elected. Shadow...

UK house prices to increase by 30 per cent in the next decade

Research by Comparethemarket.com analysed data from the Office for National Statistics (ONS) from 1992 to 2002 and predicted the UK average house will cost £323,718 by 2031.   In London, it is expected this could rise by a third to an average of £619,568.  This will...

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...
Bank of Gran and Grandad gifts £437m over stamp duty holiday

Bank of Gran and Grandad gifts £437m over stamp duty holiday

The Bank of Gran and Grandad was open for business during the stamp duty holiday, gifting £437.3m towards buying homes for younger relatives over the last 15 months, according to Key. The relief from the tax ends on Thursday, but during that time over-55s have given...

Labour Party pledges to set up building works agency

Labour Party pledges to set up building works agency

The Labour Party has pledged to set up a ‘building works agency’ to fund post-Grenfell repairs. Speaking at the Labour Party Conference, Shadow Housing Secretary Lucy Powell said her party has “a plan” to solve the building safety crisis if re-elected. Shadow...

UK house prices to increase by 30 per cent in the next decade

UK house prices to increase by 30 per cent in the next decade

Research by Comparethemarket.com analysed data from the Office for National Statistics (ONS) from 1992 to 2002 and predicted the UK average house will cost £323,718 by 2031.   In London, it is expected this could rise by a third to an average of £619,568.  This will...

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...