House prices to keep rising as lack of homes for sale hits, says Halifax, but property values dip in July

House prices to keep rising as lack of homes for sale hits, says Halifax

The lender's latest house price index revealed a mid-summer lull, with property values dipping 0.6 per cent in July as the pace of property inflation eased. The average home still costs almost £13,000 more than a year ago, at £198,833, with prices up 7.9 per cent annually, according to Halifax.

The best places to live in the UK: Harrogate residents are the happiest with their lot for third year in a row - but East Londoners are the most miserable

Bettys Cafe and Tea Rooms, Harrogate, North Yorkshire.
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The report by website Rightmove, which asked people how they feel about where they live, put provincial towns in each of the top five slots, with Shrewsbury coming in second place.

Can an estate agent snub me if I turn down their financial advice - and could it cause me to lose a property bidding war?

In the past month, I have been house hunting. Each estate agent branch I have entered has asked if I need financial advice. Should I take it to enhance my buying position?

Would you pay £715k for a studio flat in a London tower block? The Versace-designed flats that cost more than an eight-bed mansion in Devon...

A new development popping up in Vauxhall, London, will have studio flats starting from a whopping £715k. This is Money looks at what else you could snap up for that price tag.

The question of a generation: How will our children and grandchildren ever afford to own their own home?

There are 20 properties in the window of Connells estate agents in Watford - just one is available for less than £250,000. Victoria Bischoff goes on the first-time buyer trail.

House prices hit new record high in July but property inflation remains near lowest level in two years

Nationwide said house prices rose by a fairly modest 0.4 per cent on the month in July, after a surprise drop of 0.2 per cent the previous month.

Property affordability crisis: First-time buyers need to double their salary and more to borrow enough for an average starter home

A woman walks past an estate agent's window display on Brompton Road in Knightsbridge in London, England.  
The governor of the Bank of England, Mark Carney, has given his strongest warning yet about the dangers to Britain's economy posed by the booming housing market saying that the market represented the biggest risk to financial stability and the long-term recovery.  

(Photo by Rob Stothard/Getty Images)

The average price paid for a starter home rose by 5.1 per cent to £211,000 in May, according to the office for National Statistics - requiring earnings of £38,917 a year.

Brussels law threatens cheap home loans for millions of households, experts warn 

Stricter affordability tests were introduced in April last year to prevent people taking out home loans they cannot afford.

The figures in the property market don't add up: Heed the warning signs of a house price crash, says JAMES CONEY

A lot of the figures in the property market don't add up to me. House prices continue to bob along nicely - yesterday, Nationwide reported they were up 3.5 per cent over 12 months.

Get ready for rising interest rates and save THOUSANDS by switching your mortgage now to lock in cheap deals 

Rates could start to climb soon, so what should borrowers and savers do? Thomas Marsh and Megan Brown remortgaged and are putting the savings towards a wedding.

Value of prime London homes up a lowly 2% in last year to lag behind Bangkok, Delhi and Nairobi, upmarket estate agent says

Number of house hunters hits highest level for a decade thanks to record low mortgage deals - but property supply is thinning

There was a rapid surge in the number of people searching for a property last month and it means demand has reached its highest level for more than a decade, data suggests.

London property prices are being inflated by foreign criminals laundering billions in dirty money, warns crime agency

The view of City of London from a Canary Wharf building.
London skyline showing Skyscrapers - The Gherkin, The Cheesegrater and The Walkie Talkie.
Picture by GLENN COPUS

Donald Toon of the National Crime Agency has said he is alarmed by the number of homes registered to complex offshore corporations.

RBS calls for new rules to force lenders to include fees in mortgage interest rates when advertising deals

Mortgage rates and charges leaflet

SPECIAL OFFERS FOR FIRST TIME BUYERS.


Image shot 2012. Exact date unknown.
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The move is part of the bank's drive to bring an end to price promotions. Critics argue that they lure customers into taking out discounted products that end up costing more in the long term.

Top 15 property listing hotspots revealed: Swindon sees 47% boom in homes put up for sale in a month

Swindon has seen a 47% boom in homes coming on to the property market, data from online estate agent House Simple suggests. We reveal the rest of the homes for sale hotspots

The ground rent on my leasehold flat just went up by 25% after only five years: Is the freeholder entitled to do this?

The ground rent on my leasehold home just went up by 25% Can the freeholder impose such a

I bought my maisonette with 125-year leasehold five years ago. My ground rent then was £200 per year but I have just had a letter advising me it is to be increased to £250, which is a massive jump. How legal is this? Combined with the service charges it amounts to just over £700 a year. How feasible is it to buy the freehold or extend the lease in the future?

Number of British property millionaires rises to more than half a million for first time amid soaring prices

Kensington Palace Gardens. Photographed Wednesday, 21 May 2008.
Ph: Rebecca Reid

The number of people whose home is worth at least £1million has increased by 8.3 per cent to 524,306 compared to last year, with the highest concentration in London and the South East.

A toast to the coast! Holiday or all-year round, homes by the sea that do not cost a fortune

Brynowen Holiday Park in West Wales

It can be surprisingly affordable to own a home by the sea, says Graham Norwood.

House prices in Britain's 20 biggest cities expected to be rising by 10% at end of year driven by high demand, low supply

DG94CX Skyline of Oxford from St Mary's Tower, Oxford, Oxfordshire, England

Oxford (pictured) was Britain's fastest growing city in the first half of 2015 recording an 8 per cent growth in property prices, according to property analysts Hometrack

Extension heaven or planning free-for-all? Osborne tells London councils to let homeowners match neighbours with extra storeys and converted lofts

Builders building loft extension in suburban house North London

The plans outlined by the Treasury are part of a set of reforms aimed at relaxing planning rules in order to boost housebuilding and improve the UK chronic shortage of homes.

What next for mortgage rates? Fixed rates tumble to as low as 1.05% as homeowners get golden opportunity to lock in

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If you are looking for a mortgage, rates have never been lower. We run the rule over the top deals available and whether now is the time to fix.

As Bank of England hints that interest rates could rise by the end of the year: should borrowers lock into a fixed-rate mortgage now?

BofE governor Mark Carney has hinted interest rates are set to rise from the 0.5% they have been glued at since March 2009 - and this could mean mortgage rates have hit the bottom.

Want to exchange contracts fast? Then follow these top five tips for pushing through your property transaction 

Want to exchange contracts fast? Then follow these top five tips for pushing through your

The pre-election uncertainty may be over and even the sun has made an appearance, but that doesn't mean there won't be major hurdles to overcome leading up to exchanging contracts on a new property. Even when both the seller and buyer are keen to exchange quickly, things can grind to a halt. And seasoned home-movers are not immune. The time between an offer being accepted and exchanged can be as quick as six weeks in England and Wales.

State banks prime the buy-to-let timebomb: BoE fears surge in loans to landlords could hit the economy when interest rates go up

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The boom in buy-to-let lending, which has prompted the Bank of England to warn of a risk to stability, is being fuelled by a surge in lending to landlords by Britain's state-backed banks.

Boost for first-time buyers as buy-to-let landlords' profits are slashed in crackdown on mortgage interest tax relief

Buy-to-let landlords are facing cuts to the amount of tax relief they can claim on mortgage interest payments from April 2017, George Osborne revealed in the budget today.

Home, set & match! Tennis courts and other sporting facilities can make your home more saleable - but beware maintenance costs

Property: Riverscourt, in the Norfolk Broads, £1.75 million.

Houses with tennis courts will always attract sports fans, says Gordon Miller.

The luxury flats in the heart of London's financial centre... where British buyers get first refusal

How seriously should I take Zoopla's valuation of my house? It says it's worth £283,000 - that's very precise

HOUSE WITH BRITISH POUND SIGNS FROM CHIMNEY. REGARDING  ENERGY COSTS.

 Image shot 2012. Exact date unknown.D07DD8

According to Zoopla, my house is worth £283,000, which sounds very precise. How seriously should I take this?

Could you ditch bricks and mortar and buy a canal boat? It costs a fraction of a house but it's not all plain sailing

Olivia Slack and Rob Wainwright,  HANDOUT pics

A 50ft narrowboat can be purchased for as little as £20,000. In contrast, the average house costs £200,000. But living on a boat is not that simple, we explain the essentials.

Downsizing to a smaller property? How to go about it and what to do with the furniture and possessions of your family home

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The furniture and possessions from a family home are unlikely to fit into a retirement apartment or cottage. So, what do you do?

Home cinema, gold leaf plasterwork and even a hair salon: Principal House goes on sale

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Sam Malin, a geophysicist who has set up several oil and gas exploration companies, and Irene Major, a former Miss Cameroon, bought Principal House in 2006 for £565,000.

Ten tips for buy-to-let: the essential advice property investors need to consider

Inheritance and gifts the only way for many young people to get on the property ladder, as more struggle to raise deposits

Inheritance and gifts only way for many to get on property ladder

One in six young people between 25 and 34 years old said to have relied on inheritance from a relative to buy their own house, compared to just one in 20 people aged over 55, housing charity Shelter said. Half think their children will be able to buy their first home only after receiving an inheritance, a survey of more than 1,000 parents suggest.

Home purchases ease back as property market revival hits a speed bump - but new mortgage rates hit record low

People look at propeties advertised in an estate agent's window in London, England on October 8, 2013. 
The Government launched their 'Help to Buy' scheme, which will enable eligible first time buyers to buy a home with only a 5% deposit, with the government guaranteeing a further 15%.  

LONDON, ENGLAND - OCTOBER 08:  
(Photo by Dan Kitwood/Getty Images)

The UK property market's revival hit a speed bump, as mortgage approvals fell unexpectedly in May, but borrowers are benefiting from new mortgage rates at a record low.

Could you unlock the value in your home for less? Pensioners who took equity release can switch their loan to a cheaper deal

DGXCRP Padlock having the shape of a house, home security concept

Thousands of older homeowners who unlocked cash from their property may be able to slash their interest bills.

Buy-to-let gone mad or a smart way to invest in property? 126 buyers snap up Surrey home in just 35 minutes on crowdfunding site

A Surrey property listed on a crowdfunding website has been snapped up in little over half-an-hour as appetite for buy-to-let properties shows no signs of abating.

Biggest shortage of homes for sale in nearly six years is pushing UK house prices higher, say property experts

A general view of 'for sale' signs. 
The Government's new Help to Buy scheme will enable people to buy a home with a deposit of less than £10,000 in more than half of regions across country, a property website has found.
Aspiring home buyers will from this week be able to start applying for the second phase of the flagship initiative, which will offer state-backed mortgages to UK borrowers with deposits as low as 5%. The scheme, which has sparked fears of a new housing bubble, will give people a helping hand to buy a new or existing home worth up to £600,000. 


File photo dated 12/10/10 of PRESS ASSOCIATION Photo. Issue date: Monday October 7, 2013. See PA story MONEY Help. Photo credit should read: Rebekah Downes/PA Wire

The news will pile further pressure on the new Conservative government to do something to boost building of new homes as April's fall in new instructions was the steepest since May 2009.

Estate agent Foxtons risks a legal bill as high as £42MILLION after charging a landlord £616 to change a light fitting

Foxtons used a subcontractor called Maintenance1st to do the work. Dr Chris Townley was billed £550 plus £66 VAT, but he later found that the subcontractor had charged much less.

Is Britain sitting on a £200bn buy-to-let time-bomb? Landlords borrow vast sums to fund property empires 

More than two million people are now private landlords - 600,000 up since the financial crash. In 2000, less than 2% of mortgages in Britain were buy-to-let. Now, 900 BTL mortgages are available.

Extra room, home office or even a holiday let? What could you do with your garage (if you clear out the junk)

According to RAC Insurance, 62 per cent of motorists don't feel the need to tuck their cars away every night, preferring to use a garage to store junk, tools and garden equipment.

House prices to rise three times faster than previously thought in 2015: Chronic lack of properties will push up values 4.7% 

Average UK house price hits new record of £274k, 50% higher than the 2009 low - thanks to booming Northern Ireland

House prices are now £57,000 higher than May 2008, just before the financial downturn prompted a dramatic collapse in the property market, official figures show.

House prices surge by £1,000 a month and could continue to rise as the number of properties for sale stick at a record low

Sale signs displayed outside houses in London, England. 
House sellers' asking prices in London, Cambridgeshire, Berkshire and Surrey have made the strongest gains since the financial crisis struck, while those in County Durham, the Isle of Wight, West Yorkshire and Teesside have the furthest distance still to recover, according to a property website.

PRESS ASSOCIATION Photo. Issue date: Friday August 22, 2014. With an average price tag of £1.5 million, average asking prices in central London and the City now tower 41.9% above the levels seen when the housing market was at its pre-crisis peak in May 2008, Rightmove has found. West London, which like central London has been a strong pull for wealthy overseas investors, has seen the next strongest price growth since the previous peak of the market, with average property asking prices now standing at £564,192, which is 41.7% higher than in May 2008. See PA story MONEY Prices. Photo credit should read: Yui Mok/PA Wire

Halifax forecast that prices would continue to rise in the coming months as the imbalance between supply and demand hangs over the property market.

House hunters face smallest cuts to asking prices in five years - but buying agent says it's still worth making an offer... and here are his tips

Property hunters are finding haggling over price increasingly difficult with the average home carrying a reduction of just 6 per cent from its original listing, Zoopla says.

Number of new homes built soars 15% as property market momentum gathers pace - but are we building enough?

Homes in south Derbyshire as mortgage payments for new borrowers have reached their most affordable levels for 14 years, with typical payments in some areas of Scotland and northern England taking up less than a fifth of disposable incomes, research from Halifax has found. 


PRESS ASSOCIATION Photo. Issue date: Monday January 16, 2012. Average mortgage payments for new borrowers, including first-time buyers and home movers, stood at 27% of disposable earnings in the fourth quarter of 2011. This marks the lowest proportion since spring 1997 when a 26% proportion was recorded, and stands well below the 37% average over the past 27 years. The study also highlighted a 'clear North/South divide', with the least affordable areas located in London and the South East. Kensington and Chelsea in London was named as the least affordable local. See PA story MONEY Mortgage. Photo credit should read: Rui Vieira/PA Wire

Data from the National House Building Council show 43,987 new properties were registered in the UK between March and May, a 15 per cent increase on the same time last year.

Demand for mortgages is rising 'significantly' as rates fall to record lows, says Bank of England

Buy-to-let mortgage boom continues with lending up 22% compared to a year ago - but number of first-time buyers drops

Landlords cashing in buy-to-let properties jumped due to pre-election 'knee-jerk' reaction - especially in London

The number of landlords selling buy-to-let properties increased in April after many were spooked in the run-up to the general election, according to ARLA.

Tenants forced to fork out typical £1,700 when they move home - with almost £300 of this demanded in often questionable fees

Research by the house share website SpareRoom has found that almost half of all tenants are asked to pay so-called 'admin costs' of £298 - money then pocketed by agents and landlords.

Should we move back in with parents to save for our first home - or will lenders look more favourably on us if we are meeting monthly rent payments?

Do we have the right to ask for a dummy CCTV camera or alarm box for our rented home - and would it make it safer?

Last month, I had my car stolen from outside the rental house I live in with my partner. We have asked for our landlord to up security with a dummy camera or alarm - but he isn't keen on the idea.

I can't get planning permission for my loft conversion - but if a bed still fits in, can I call it a bedroom anyway? 

Phillip and Ann Van Pragg. Property Mail feature: Can ex-council homes ever be truly des res? Semi, Findon, East Sussex: £275,000. Original cost: £25,000. Phillip and Ann Van Pragg, who are oth in their 40s, are the second people to won this house after it was bought ten years ago under the right-to-buy scheme for just £25,000. The couple bought the property from the first private owner four years ago for £90,000, but since then prices have rocketed in around this Sussex village. Findon is one of the few communities in the area not to have been overrun by commuters, and it has three thriving pubs as well as restaurants and shops. Patchings: 01903 244944picture    NICK SKINNER
Phillip and Ann Van Pragg with the former semi detacjed council house they have converted into a stylish modern home in Findon Sussex.
Master bedroom in loft conversion.

I've worked out I would still be able to put a double bed up there and there would be enough height in the centre of the room for anyone to stand up. My question is - can I still call this a bedroom?

From building a conservatory to getting a new kitchen - which home improvements deliver the best return?

Splashing out on home improvements not only makes your house a more enjoyable place to live, but it if done right it is also likely to give its value a boost.

We are thinking of using our life savings to start a B&B; after we retire: what are the pitfalls and how do we maximise our chances of success?

My husband and I are on the cusp of retirement. We have been talking about our future and have decided we want to run a bed and breakfast. Where do we start?

On the hunt for a home? The first-time buyer's guide to getting a mortgage

The first-time buyer's guide to getting a mortgage

Are you hoping to get a foot on the property ladder? This Is Money's step-by-step guide explains how first-time buyers can get the best deal on their mortgage, make sure they pick the right choice for them and avoid the market's traps. We explain what new buyers need to know, and how they are being offered assistance from the Government in the form of Help to Buy.

How to pay off your mortgage early

House made of money

Paying off your mortgage early is one of the best investments you can make, slashing thousands off what is likely to be your biggest debt. See our guide

Mortgage affordability calculator: How much you can borrow - and the cost of interest-only vs repayment

Sold Sign

Find out how much you can afford to borrow with This is Money's mortgage affordability calculator, and see the difference between capital repayment and interest-only deals

How to avoid mortgage arrears

Act now: If you feel yourself slipping into the red, do something before you have to sell your home

Read our steps for avoiding mortgage arrears if you feel you are about to fall into the red

How to get the cheapest life insurance: tricks of the trade

Woman using calculator

Choosing the right way to buy life insurance can save you thousands of pounds. We explain the trick to getting the best deal

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