The Nationwide’s house prices survey reveals that property prices rose for the fifth month in a row in September. In the last three months, prices are up 3.8% but house prices remain 13.5% lower than their peak in October 2007. The average price of a home in the UK now back to the same level [...]

  UK House Asking Prices Increased in September according to Hometrack. The report adds to evidence that the housing market may be starting to level off after the credit squeeze ended a decade- long boom. The rises were mainly in London and the South East and partly due to the lack of property coming on [...]

  Nationwide siad that house prices rose again in August by 1.6%, taking the average UK house price to £160,224, up from £158,871 in July. This marks the fourth consecutive month of house price increases and the lender says the year-on-year decline has slowed significantly from 6.2% in July to 2.7% in August. At £160,000, [...]

  If you’re one of the borrowers who took out an interest-only mortgage expecting that the increase in property prices would help you to pay off your loan then the recent drop in house prices may have scuppered your plans. At the peak of the market buyers turned to interest-only loans as a way of [...]