Neville Scott Lettings and Property Management » Nationwide

Nationwide Deals With Strings

subedar1 — Fri, 30 Oct 2009 10:05:37 +0000

Nationwide has just launched a range of mortgage products of up to 90% LTV. Each of the products comes with free legal fees option and is available now.

But, there are strings attached.

The range is only available direct through Nationwide’s branches for existing customers moving home and first-time buyers.

Customers have to use the bank's FlexAccount as their main bank account and are required to deposit at least £750 a month to qualify for the deals.

New FlexAccount customers have to use Nationwide’s account transfer service to qualify.

House Prices Rose in September

subedar1 — Mon, 05 Oct 2009 09:56:14 +0000

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 as a year ago, at £161,816.

Also figures for mortgage approvals for house purchase suggest sales activity should increase in the coming months.

House prices are rising due to a combination of low supply and more positive newsfrom lenders so anyone wishing to sell in the near future it appears that now is the best time to do so

House Prices Up Again

subedar1 — Thu, 27 Aug 2009 14:59:14 +0000

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, the average price of a typical UK property is still slightly lower than 12 months ago.