Latest data from the ONS indicates London house price growth is the highest for March for the first time this year.
Read More
All posts by colin thorburn
The average price for a London home has broken through the £600,000 and has almost doubled in price since 2009.
The upper age limits for homeowners to be accepted for a mortgage have been increased by the Nationwide to 85 to meet Britain’s aging population.
UK house price growth was only 0.2% during the month of April with lower annual returns suggest a slowdown in the property market.
The Equity Release Council reports biggest quarter for homeowners borrowing from their property with £393 million of mortgages.
By 2020 first time buyers in London will need a salary of £102,000 and a deposit of £138,000, says charity Shelter.
George Osborne has warned mortgage rates would increase if the UK leaves the European Union increasing the cost to homeowners.
The surge in buy-to-let investors ahead of the stamp duty tax has helped to increase mortgage lending to a new high in February.
The ONS have updated their index weighting reducing the average property price in London by £27,000 in February.
Latest analysis from Lloyds Bank shows affordability in UK cities is the worst since 2008 and now require 6.6 times annual earnings.