Latest mortgage news - House Prices
Housing market still booming as interest rates remain at historic lows
According to the Nationwide average house prices have increased by 9.4% in the last year and are not slowing down.
Private renting now provides the majority UK rented homes
A new government study of the English Housing Survey shows private renting has reached 4 million homes and now exceeds council renting.
Average UK house price at £250,000 will increase stamp duty cost
The Office of National Statistics (ONS) has confirmed that the average house prices will bring higher stamp duty to thousands.
London house price rise fuelled by wealthy foreign buyers
According to economic forecasters wealthy foreign buyers are responsible for the high demand for luxury property in London.
Housing boom risks house price bubble
Rightmove, stated that record numbers of houses are being put on the market for sale with near-frenzied buying sending asking prices to record levels.
First time buyers fuel rise in house prices
House prices rise 8.8% according to the Nationwide as first time buyers are back in the market for properties.
Governor of Bank of England plays down Bubble
Mark Carney, the Governor the Bank of England played down a possible housing bubble.
Vast Regional Differences in house prices as London surges ahead, says ONS
The Office for National Statistics stated that the London property market had seen price rises of 11.6% in November 2013.
House prices rise by 8.4% in 2013 according to the Nationwide
UK house prices rose in 2013 fuelled by first time buyer demand, say Nationwide, raising the average house price to £176,500.
London house prices increase by 10% says Land Registry
Property prices in London have increased by 10.6% in the last year significantly above other regions in the UK.
Homeowners at risk of increasing debt as interest rates rise
The Bank of England has warned homeowners could be hit hard as interest rates increase mortgage repayments.
House prices to increase by 8% says Halifax
Halifax is predicting another year of growth in 2014 but there is no evidence this will lead to a housing bubble.
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