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house prices

Wednesday, 5 September 2018  |  Admin

House Prices see summer slow down, says Nationwide

Annual UK house price growth continued to slow over the summer with homes now 2% more expensive than a year ago, the Nationwide has said.

The building society said that the annual change had fallen from growth of 2.5% in July to 2% in August.

Average property prices had actually fallen by 0.5% in August compared to July, but this is considered to be a much more volatile measure.

The average home now costs £214,745, the Nationwide said.

Robert Gardner, Nationwide's chief economist, said: "Looking further ahead, much will depend on how broader economic conditions evolve, especially in the labour market, but also with respect to interest rates.

https://www.bbc.co.uk/news/business-45367350

 

Latest News
Monday, 4 December 2017  |  Admin
Stamp duty cut

Stamp Duty to be cut for first time buyers

Stamp duty land tax will be scrapped for first time buyers on properties worth £300,000 or less in England, Wales and Northern Ireland. 

Additionally, those buying a first property worth up to £500,000 will only pay stamp duty of the value of the property over the £300,000 limit.

Thursday, 9 November 2017  |  Admin
'We had 300,000 taken in payment scam'

'We had £300,000 taken in payment scam'

People who have been conned into authorising their bank to pay a fraudster could find it easier to get compensation, under plans being put together by the regulator. The Payment Systems Regulator is trying to devise a way to reimburse victims of authorised push payment (APP) scams.

In the first half of this year, 19,000 victims lost £100m to APP scams. One such, Kate Blakeley, described the "sheer horror" of discovering the loss of almost £300,000 through such a scam.