News - Finance and House Price Indice

House prices fall further 2.2%

Saturday, January 3, 2009 - 13:00
House prices have taken a further turn for the worse, the Halifax has revealed. By its calculation the average property in the UK dropped 2.2 per cent in value last month.

The fall takes prices back to Augus ...More...

House prices, further falls predicted for 2009

Wednesday, December 31, 2008 - 17:00
House prices are set for further falls in 2009, experts have said.

The Times has collected the predictions of ten industry commentators and all have foretold prices dropping.

The Royal Institute of ...More...

House prices dip 2.2%

Tuesday, December 30, 2008 - 17:00
House prices have again fallen, this time by 2.2 per cent according to the latest Land Registry figures.

Values have dipped for 15 months in a row - the average price across England and Wales is now £16 ...More...

House prices 'to fall further in 2009'

Wednesday, December 24, 2008 - 13:00
UK house prices are set to fall further in 2009, creating an overall decline of 25 per cent since property values were at their peak, according to the Royal Institution of Chartered Surveyors (Rics).

In its ...More...

Prices still have further to fall

Monday, December 15, 2008 - 13:00
House prices still have further to fall, a new street poll by Adfero has shown.

Its survey revealed 84 per cent of respondents think their home will be worth less this time next year.

Surprisingly, ...More...

House loans reach £5.5bn

Tuesday, December 9, 2008 - 21:00
House loans reached £5.5 billion in October, the Council of Mortgage Lenders (CML) has revealed.

Throughout the month 39,000 loans were issued, 15,400 to first-time buyers and 24,000 to home movers.
More...

Repossession measures 'a step in the right direction'

Friday, December 5, 2008 - 21:00
The government's newly announced measures to help people faced with repossession are a step in the right direction, the Homeowners Advice Centre has said.

The initiatives are very encouraging noted advisor A ...More...

House price falls could double in 2009

Friday, November 28, 2008 - 13:00
House price falls could double in 2009, one expert has warned.

According to Seema Shah from Capital Economics, prices will drop by 25
per cent by the end of next year, the Telegraph has reported.

More...

House prices fall only 0.4 per cent

Thursday, November 27, 2008 - 13:00
House prices have fallen only 0.4 per cent, a significant improvement on last month.

Figures from the Nationwide have shown the fall has slowed after October's drop of 1.3 per cent.

Fionnuala Earley ...More...

Banks support financial advice review

Wednesday, November 26, 2008 - 17:00
UK banks have lent their support to a review that said customers should get better financial advice.

The British Bankers Association (BBA) said it approved of moves by the Financial Services Authority (FSA) ...More...

Darling offers borrowers a hand

Tuesday, November 25, 2008 - 13:00
The chancellor has offered trouble mortgage holders a hand in his pre-budget announcement.

Alistair Darling confirmed some lenders have agreed a minimum three-month period, in which they will not repossess h ...More...

Budget will tax top earners

Monday, November 24, 2008 - 13:00
Chancellor Alistair Darling is expected to announce his budget will increase top earners' tax bills.

His pre-budget report is expected to show income tax on wages over £40,000 per year will increase by ...More...

Streets with the priciest property unveiled

Monday, November 17, 2008 - 13:00
London's Kensington and Chelsea borough is home to the most expensive street in the England and Wales, it has been revealed.

The Vale is the priciest residential street with the average home costing an eye- ...More...

Central London will suffer 30 per cent house price crash

Saturday, November 15, 2008 - 21:00
Central London property is expected to fall 30 per cent from its peak in 2007, consultant Savills has said.



It estimated property in the area would fall harder than previously thought because of L ...More...

Homeowners 'dramatically' wrong on house prices

Friday, November 14, 2008 - 17:00
Homeowners are dramatically wrong in their estimation of their own house's value, a new survey has found.More...

Insurance protection decision gets mixed reviews

Thursday, November 13, 2008 - 17:00
A decision by the Competition Commission to propose a ban on the sale of Payment Protection Insurance (PPI) has received a mixed response from the finance industry.

The Commission hopes to increase competiti ...More...

Stamp duty avoided by 51% of September homebuyers

Tuesday, November 11, 2008 - 21:00
More than half of homebuyers managed to avoid paying stamp duty when the threshold was temporarily increased in September.

Figures from the Council of Mortgage Lenders (CML) show 51 per cent of those purchas ...More...

House prices fall in October

Friday, November 7, 2008 - 13:00
Homebuyers saw property prices fall by 2.2 per cent last month with vendors getting increasingly desperate to sell.

According to the Halifax, the largest mortgage lender in the UK, the fall in house prices ...More...

UK energy bills 'increasing twice as fast as EU'

Wednesday, November 5, 2008 - 17:00
Concerns have been raised over the number of utility bill hikes which have been facing UK homeowners this year.

New figures show that average gas and electricity costs for UK residents over the last 12 mont ...More...

Brits making major cuts to costs in the home

Wednesday, November 5, 2008 - 13:00
Homeowners are tightening their belts when it comes to spending in the home, according to a new survey from Legal and General.

The group's data reveals that 93 per cent of British people are making major fi ...More...

Savings account launched for FTBs

Tuesday, November 4, 2008 - 13:00
First-time buyers are to be given a helping hand in saving for a deposit to buy their first home.

Abbey has launched a new account designed specifically to help young people get a foot onto the property lad ...More...

Property 'no longer reliable pension fund'

Monday, November 3, 2008 - 17:00
The number of people who have put faith in their property funding their retirement has fallen dramatically in 2008, figures show.

According to the Alliance Trust, just 33 per cent of people think their home ...More...

House prices continue to fall in October

Saturday, November 1, 2008 - 13:00
October saw house prices across the UK fall yet further, according to the latest figures from Nationwide.

The group says that the cost of a home has fallen 1.4 per cent during the month, bad news for homeow ...More...

Annual House Prices drop 8%

Tuesday, October 28, 2008 - 17:00
Annual house prices dropped eight per cent in September, according to the latest Land Registry figures.

They revealed the average house value in England and Wales was now £168,814, similar to market pri ...More...

Banks facing huge losses

Tuesday, October 28, 2008 - 13:00

UK banks are facing huge losses, according to a Bank of England study released today.



The Bank's Financial Stability Report has predicted that a recession similar to that of the early 1990s, ...More...

House prices not set to recover till 2013

Monday, October 27, 2008 - 21:00
House prices are not expected to recover till 2013, the Centre for Economic and Business Reform has said.

The group has forecast the current drop – since the market's peak in 2007 – could force an ...More...

House prices fall 1.7% in October

Monday, October 27, 2008 - 17:00
House prices have fallen a further 1.7 per cent in October, the latest survey from Hometrack has revealed.

The drop dragged prices back to March 2006 levels and contributed to annual house price reductions o ...More...

Homeowners over-valuing properties

Wednesday, October 22, 2008 - 12:00
Many homeowners think that their properties are of a higher value than they actually are.

That is the opinion of Chris Brown, the president of the National Association of Estate Agents, who said that althou ...More...

Britain 'entering recession'

Monday, October 20, 2008 - 12:00
The UK economy has entered into a recession, the Ernst & Young ITEM Club has said in its autumn forecast.

It said that there have not been two successive quarters of deteriorating growth, and it expects ...More...

PM: Fuel prices must come down

Thursday, October 16, 2008 - 20:00
The prime minister has pressured garages to reduce the price of fuel.

Gordon Brown said they should follow the example of supermarkets Asda and Morrisons, which have already reduced fuel prices on their fore ...More...

Chancellor will face inquiry

Wednesday, October 15, 2008 - 16:00
The chancellor Alistair Darling will face an inquiry by the Treasury Select Committee into the handling of the current banking crisis.

The governor of the Bank of England Mervyn King and the chairman of the ...More...

Chief Economist: House price slump could end in 2009

Wednesday, October 15, 2008 - 16:00
One chief economist has suggested the current house prices slump could be over as soon as next year.

David Miles from Morgan Stanley told MPs house prices could fall by a further five to ten per cent before ...More...

Building society accounts 'better protected'

Tuesday, October 14, 2008 - 16:00
Building society accounts could be better protected from current banking problems, the Fair Investment Company has claimed.

Because they are less likely to be part of a bigger financial group, they may be th ...More...

Halifax introduces new banking statements

Monday, October 13, 2008 - 16:00
Halifax has introduced new banking and savings statements that feature summary information boxes.

The lender now displays how much money was paid in and out of an account, along with regular transaction info ...More...

Debt levels on the increase

Saturday, October 11, 2008 - 12:00
Debt levels have increased sharply, new research has revealed.

Consumer borrowing, in the second quarter of this year was £757 million more than the same period in 2007, according to Unbiased.co.uk.
More...

Borrowers are returning to debt

Wednesday, October 8, 2008 - 16:00
Consumers who borrow to pay off debt are increasingly sending themselves back into the red, moneysupermarket.com has claimed.

It said nearly two-thirds (62 per cent) who take out consolidation loans, borrow ...More...

Govt to give banks £50bn

Wednesday, October 8, 2008 - 12:00
The government is to announce it will inject £50 billion into the UK's banking sector.

The payment - equivalent to £2,000 per taxpayer - effectively part-nationalises the banking sector and increas ...More...

Minimum card payments push bills higher

Tuesday, October 7, 2008 - 20:00
The public's fixation with only paying the minimum on their credit card bill is leading to higher payments.

New research for the University of Warwick suggests by recommending a minimum payment lenders are m ...More...

Top properties take biggest price hits

Tuesday, October 7, 2008 - 20:00
Properties in the most expensive areas have been hardest hit by falling prices, new figures have shown.

According to the Centre for Economic and Business Research (CEBR) the London boroughs of Camden, Kensin ...More...

House prices fall for 12th consecutive month

Tuesday, September 30, 2008 - 16:00
House prices have fallen consecutively during each month within the last year, according to the latest figures.

Data from Hometrack state that prices are now 6.2 per cent lower than what they were 12 months ...More...

House prices continue to fall

Friday, September 26, 2008 - 20:00
House prices in England and Wales are witnessing an 'acceleration' in the amount they are falling, a government agency has stated.

The latest report from the Land Registry shows that house prices in the coun ...More...

Monaco 'most expensive place for property'

Thursday, September 25, 2008 - 12:00
Property prices in the tax haven of Monaco have overtaken London, according to the latest market information.

Prices have soared by 30 per cent this year and Monaco's properties are now more expensive than L ...More...

Stamp duty freeze means more may work from home

Wednesday, September 24, 2008 - 12:00
An increase in the number of people working from home could be the unexpected result of the stamp duty freeze put in place by the government.

UpMyStreet.com has noted that although some areas, such as Londo ...More...

Rural properties more expensive than urban homes

Monday, September 15, 2008 - 16:00
Properties are more expensive to buy in rural areas compared with urban areas, according to the fourth annual Halifax Rural Housing Review.

Among the findings of the latest research include that the average ...More...

House prices fall 1.3%

Friday, September 12, 2008 - 16:00
House prices fell 1.3 per cent in August, according to the Financial Times (FT) House Price Index.

It revealed last month's drop was the largest since October 1992 taking the average property value lower, to ...More...

High end property market having no change

Thursday, September 11, 2008 - 16:00
Houses at the high end of the property market are not caught up in the bidding wars more familiar with the regular market because buyers "just want to get on with it", it has been stated.

Philip Se ...More...

Stamp duty problems causes property market 'anxiety'

Thursday, September 4, 2008 - 14:35
Ongoing speculation that the government may scrap stamp duty has done no favours to the property market, according to an industry expert.

Simon Preston, chairman of iammoving.com, the UK's only free online c ...More...

House prices in university towns up by 50%

Thursday, September 4, 2008 - 14:35
More than one in three university towns across the UK has witnessed property price rises of at least 50 per cent over the past five years, new research has revealed.

Coming as growing numbers of students he ...More...

House prices fall in August

Thursday, September 4, 2008 - 14:35
The doom and gloom surrounding property prices has taken another turn for the worse, as new figures state that average house prices have fallen again during August.

According to the Nationwide, the price of ...More...

Chancellor stays quiet on stamp duty claims

Tuesday, August 5, 2008 - 16:09
Chancellor Alistair Campbell has not been drawn into a debate about claims that plans are in place to allow new homebuyers to defer paying stamp duty. More...

HBOS predicts further price drops

Monday, August 4, 2008 - 13:18
In wake of "exceptionally tough" trading conditions, HBOS has revised its house price forecast, reports the Times.More...

House prices to fall by 30%, say investors

Monday, August 4, 2008 - 13:18
Properties could cost up to 30 per cent less in 2011, a number of spread betting platforms have forecast.More...

House price drops are \'no surprise\'

Friday, August 1, 2008 - 17:01
Following the recent release of figures from the Nationwide, which stated that the cost of the average home has fallen by 1.7 per cent within the last month, it has been stated that the latest figures shouldn\'t come ...More...

House prices drop for ninth straight month

Thursday, July 31, 2008 - 15:29
House prices have dropped for the ninth consecutive month to the frustration of those looking to move home.More...

US crisis will have "indirect" impact on UK mortgages

Thursday, July 17, 2008 - 16:00
The problems with US mortgage lenders Fannie Mae and Freddie Mac will only have an "indirect effect" on the UK home loans market, one expert has said.More...

London market holding up through property price falls

Monday, July 7, 2008 - 08:00
London\'s housing market is holding up to the strain currently facing the property market better than other parts of the UK, it has been stated.More...

Property prices continue to fall

Tuesday, July 1, 2008 - 16:44
There have been decreases in the prices of properties in the UK for the past eight consecutive months, according to the Daily Mail.More...

UK house prices remain flat

Friday, June 27, 2008 - 17:08
Average house prices across the UK remained fairly static in the month of May, according to the latest figures from the Land Registry. More...

Homeowners \'have no faith\' in property market

Friday, June 27, 2008 - 17:07
Most homeowners have little faith in the development of the property market in the next 12 months, with three quarters of people expecting house prices to continue to slump, according to the first quarterly Price Tra ...More...

\'It could take four years for house price rises\'

Monday, June 16, 2008 - 16:15
Homeowners waiting for the cost of their house to rise back to the figure it was before the credit crunch, will be waiting a minimum of four years, it has been suggested.More...

House prices continuing to fall

Friday, June 13, 2008 - 17:32
House prices still continue to fall as desperate sellers try to market their properties in a struggling economic climate.More...

House prices improve in certain areas

Thursday, May 29, 2008 - 17:29
Despite all the doom and gloom of the credit crunch and the affect it is having on people\'s income and the cost of their homes, a west Cumbrian town has seen a rise in house prices, reports the News and Star newspaper.More...

\'Expect 15 years for house price recovery\'

Wednesday, May 28, 2008 - 17:22
It may take up to 15 years for property prices to return to their previous levels, according to Firstrung, a company which specialises in helping first time buyers.More...

House prices to fall 7% this year, says CML

Wednesday, May 21, 2008 - 16:22
House prices are set to decline by seven per cent this year, the Council of Mortgage Lenders (CML) has predicted. More...

Prices up £2,300 in last 12 months

Tuesday, May 20, 2008 - 16:24
UK house prices have risen by £2,300 over the last year, despite recent reports which indicated a year-on-year decline. More...

House prices \'still increasing\'

Monday, May 19, 2008 - 16:11
Property prices rose by a record amount in May, contradicting predictions of a dramatic decline in the housing market.More...

Home sales \'could fall by 40%\'

Monday, May 19, 2008 - 16:10
Sales of houses could decrease by as much as 40 per cent this year, according to a study published today by the Royal Institution of Chartered Surveyors (RICS).

Effects of the global credit crunch has meant ...More...

New home building in decline

Friday, May 16, 2008 - 15:31
House building in England is down by almost a quarter over the last three months.More...

Repossessions on the rise

Friday, May 9, 2008 - 15:10
A growing number of people are succumbing to repossessions after failing to maintain mortgage payments, according to the ministry of justice.More...

Mortgage costs to remain high, says BSA

Thursday, May 8, 2008 - 16:11
Homeowners and first-time buyers (FTBs) have been warned that they face another two years of high mortgage costs.

Speaking at the Building Societies Association (BSA) conference in Manchester, chairman Iain ...More...

Demand for rental property on the increase

Friday, May 2, 2008 - 15:48
Rental property has bucked the wider trend in the housing market by recording a strong upsurge in prices, according to recent data.More...