The housing market is not constant. Sometimes prices go up which is currently the case in the UK. If you want to buy a house this is not the best news. Your payment will be higher right now. It may not sound high but 5.4 percent could raise your monthly payment quite a bit. Before buying a house you should definitely check on prices so you know what you’ll be in for. If you can’t afford your payment it will cause you many problems in the future.
Key Takeaways:
- there is highest raise of prices in northwest up to 7.3% in an year
- there is a fall of prices in august and september by about 0.2%
- mortgage lending are increased in September and it includes remortgaging
“Prices in England drove the surge, rising 5.7 per cent over the year compared to 3.1 per cent in Scotland and 5.3 per cent in Wales.”