Free No Obligation Quote
  1. We can connect you with a professional mortgage advisor
  2. required
  3. required
  4. required
  5. Do you have any adverse credit history?
  6. required
  1. ?
  2. Do you have an IVA or Trust Deed?
  4. Are you in a Debt Management Plan?
  6. Are you in active bankruptcy?
  8. Have you missed 3 or more mortgage payments in the last 12 months?
  10. Have you any County Court Judgements (CCJ)?
  12. Have you had more than £6000 of CCJ's in the last 2 years?
  1. required
  2. required
  3. required
  4. required
  5. required
  7. required
  8. required
  9. required
  10. required

Fields marked required must be completed.

Mortgage Calculator
  1. Our calculator shows what your repayments could be
  2. £
  3. £
  4. Years
  5. %

Monthly Repayment £621.24

Monthly Interest only £458.33

 

Archive for
Housing
Category

With House Prices Falling Again, Is This The Perfect Time To Buy?

The latest house price figures from Halifax show a 1.8% drop on last year’s average house prices for the third quarter (www.thisismoney.co.uk).  As prices continue to fall, is this a good buyer’s market?

(more…)

 

House prices increased in August

Figures released today show that house prices in the UK increased by 0.1% in September. Nationwide’s monthly update suggests that the current risks to the UK and global markets mean that growth prospects have weakened slightly.

The average house price in the UK currently stands at £166,256 compared to £165,914 in August.

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said:

“UK house prices continued to tread water in September, with prices rising by 0.1% during the month. Prices were also essentially flat over the year, just 0.3% lower than September 2010. The three-month on three-month measure of house prices was unchanged in September.

“Sluggish demand for homes on the back of weak labour market conditions, combined with only a gradual rise in the supply of available properties, has helped to keep property prices fairly stable since the summer of 2010. We expect this trend to be maintained over the remainder of 2011, although downside risks have increased as UK and global growth prospects have weakened.”

 

 

Halifax Property Review

Figures released today show that over the last ten years the value of a terraced home has increased by £61,489, equal to £118 per week.

In 2001 the average terraced house was worth £89,843. Fast forward to 2011 and the average terraced house is worth £151,332. This records the strongest growth in terraced properties in the past decade. Despite this, terraced houses still remain the most affordable property type on the market, being 15%below the average value of a home in the UK.

Semi-detached homes remain popular amongst buyers; over the last 10 years, these and terraced homes have accounted for almost two thirds of house sales. They are particularly popular with first time buyers as 29% chose a semi-detached home in 2011 compared to 26% in 2001.

Flats have seen the worst performance over the last 10 years with the average cost rising from £109,936 in 2001 to £163,825 in 2011, a total of 49%. Detached house purchases now account for a lower percentage of the market share, reducing from 21% of all property purchases in 2001 to 14% in 2011 as a result of fewer home buyers wanting bigger houses. However, over the same period, detached home prices have seen an increase of 56% increasing from £175,086 to £273,173.

All statistics are courtesy of Halifax, and compare house price and sales data from Quarter 2 in 2001 and Quarter 2 in 2011 and are based on Halifax’s own extensive housing statistics database.