Sales of £1m plus properties are on average 11% in the first half of this year with London leading the fall according to data from Lloyds Bank.
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Category Archives: Home Movers
House purchase loans were 9% lower for the month of August according to the CML as remortgage buyers reducing by the largest amount.
The government’s Help to Buy scheme has hit record levels in June for the equity loan part with 4,745 completions.
Data from Hometrack show the top 20 UK cities with strong house price rise this year exceeding the national average.
Mortgage lending by value to first time buyers increased 24% over the month following a poor first half of the year, says CML.
Annual house price rise in April is 5.5% down from 9.6% in March, says ONS, while the number of Help to Buy completions have decreased.
Data from the Nationwide building society show a slight fall in house prices in May while cash buyers represent four out of ten purchases.
The number of mortgages approved in April increased 9.9%, the highest monthly rise for six years according to the Bank of England.
Data from the Halifax shows UK house prices increased by 1.6% last month and by 8.5% over the last year.
A new two year fixed rate mortgage from the Co-Operative Bank offers only 1.09% interest and borrowers must pay a high £1,500 fee.