House prices: Buying a home in the UK now costs EIGHT times your salary

Since 1997, the price of buying a home in the UK has nearly doubled, while wages aren’t quite keeping up with this increase. The cost of buying a home is now nearly 8 times the salary of an average full-time worker in the UK. Some areas are worse than others, with the most cost-effective area […]

House prices creep up in April: Nationwide

The price for the average home in the UK rose in April of this year. This has made it harder for people looking to purchase their first home. The area with the most growth is in the northern part of the UK, making it difficult for those that want to live outside of the capital, […]

Property prices in regional UK cities continue to outpace London

Property prices In key regional cities in the UK continue to outpace those in London. While price increase in London hit just 1.6% in 2018, Edinburgh increased by 8.1%, followed by Nottingham (8%) and Manchester (7.4%). In regional cities the shortage of available properties means that new properties coming onto the market are often sold […]

Almost 70000 first time buyers benefit from stamp duty abolition in UK

Almost 70,000 first time home buyers will benefit from the United Kingdom getting rid of the stamp act. The Help to Buy Scheme has also been very beneficial for home buyers in the UK. The average age of a first time home owner is lower in people using the Help to Buy Scheme. The government […]

Outlook for the global housing market

National housing prices are forecast to increase this year in 19 of them, with exceptions in the United Kingdom, Norway and Greece.House prices are finally bottoming out in Italy after years of falling prices, leaving Greece as the only European country with falling prices. Prices will increase by 1% -5% in the main European markets […]

March mortgage lending dips as approvals plummet 21%: UK Finance

Gross mortage lending in the United Kingdom increased in the month of March, but it is 2.3% lower than a year earlier at this time. The number of total mortage approval has fallen to 15% and purhcase approval has fallen to 21% compared to March 2017. There has been some postives though with both first […]

London house prices creep up as northern cities drive UK growth

The prices for houses in London have increased according to the property analyst group called Hometrack. Their UK’s Cities House Price Index for March 2018 showed prices in the cities were up by 5.5 percent overall. Most of the growth has been contributed by the country’s northern urban cities. Edinburgh was in the lead with […]

Barclays launches new ‘green’ mortgages – but do they offer the best rate?

“Green mortgage ” has been recently introduced by Barclay’s . Under this , they offer cheaper rates for home buyers , who buys energy efficient new homes built recently .This offer is available first-time buyers and home movers, and special products are available for those using the Help to Buy scheme. The amount of savings […]

Mortgage lending up by a third at Bank of Ireland

The Bank of Ireland reported that 2018 mortgage lending so far was up by a full third over 2017. New mortgages were up by 20 percent. The bank says that its mortgage assets are improving as they would like, in spite of the Brexit. The interest income and margin are what they predicted. The bank […]

Best February for House Purchases Recorded in a Decade

First time home buyers and home movers in the UK made for a busy housing market this February, with the highest level of purchases for that time period in over a decade. Re-mortgages are also on the rise, with current homeowners anticipating mortgage interest rates rising. In contrast, due to recent legislation and tax changes, […]