Homeowners continued to warm up to remortgaging in August, with data from the Council of Mortgage Lenders (CML) showing 34,100 loans taken out worth £4.2 billion. Compared with a year earlier both volume and value were up 30%. House purchase lending also rose, with 52,000 loans advanced (worth £7.9 billion), up from 51,000 (worth £7.7 [...]
August
House purchase mortgage approvals up
The number of mortgages approved for house purchases increased to 52,410 in August, up from 49,644 in July and ahead of the previous six month average of 47,551, Bank of England figures show. Approvals for remortgaging increased to 34,668 (July: 31,652) and approvals for other purposes, such as equity release, stood at 21,084 (July: 20,519), [...]
House prices down 2.6% on the year
August figures from the Land Registry show house prices in England and Wales down 2.6% year-on-year, having lost ground since July when the annual decline stood at 2.1%. The value of the typical home fell 0.3% during August, to £162,347, with Wales experiencing the biggest monthly dip at -1.7%. On an annual basis, London was [...]
Mortgage lending subdued but stable
Gross mortgage lending came in at around £13.4 billion in August, up 6% on July and having risen 10% compared with a year earlier. According to the Council of Mortgage Lenders, the monthly total is at its highest for over two years and marks the best result for August since 2008. However, the Council’s chief [...]
House price fears add to market gloom
UK house sales have returned to 2009 levels, according to the Royal Institution of Charted Surveyors (RICS), with only 14 properties sold per surveyor in the three months to August. Economic uncertainty and a lack of mortgage finance continue to make an impact, added to which 40% of RICS members believe fears over house price [...]
August house sales bounce back
House prices in England and Wales rose fractionally in August, compared with July, according to the latest LSL/Acadametrics index. However, the monthly gain of 0.3% was buoyed by a 1.6% rise in London property prices and at £219,078, the value of the typical home showed a 2.2% year-on-year fall. The annual rate of decline increased [...]
House prices down 2.6% on the year
House prices fell by 1.2% in August, compared with July, marking the first monthly decline seen since April, according to the Halifax measure. At £161,743 the value of the typical home had fallen 2.6% year-on-year. However, prices in the three months to August were up 1% on the previous quarter and the lender points out [...]
House sales show August rise
The UK’s stagnating housing market experienced something of a bounce in August, according to data from “For Sale” board contractor, Agency Express. Activity proved surprisingly resilient given seasonal trends, with “Sold” properties up 3.9% on July, the highest August rise recorded by the firm since 2007. The South East topped the list of hot-spots with [...]
House sales show August rise
The UK’s stagnating housing market experienced something of a bounce in August, according to data from “For Sale” board contractor, Agency Express. Activity proved surprisingly resilient given seasonal trends, with “Sold” properties up 3.9% on July, the highest August rise recorded by the firm since 2007. The South East topped the list of hot-spots with [...]
Nationwide: house prices down 0.6%
Homeowners in fear of negative equity need to brace themselves for the latest index from Nationwide, which shows UK house prices slipping by 0.6% in August, to an average £165,914. July saw an 0.3% gain but the building society points out that August’s decline doesn’t change the overall picture of stability in the market, with [...]
