Summary
All of a sudden, mortgage lenders love mortgages over £500,000. Great if you can afford them.
Mortgages. The return of the Mega-Mortgage. Page 2
Author: Michael Challiner
This is the fourth month in succession of house price growth. It's
- Mortgage - does it give the best deal against your home
- A basic intorduction to the different types of mortgages available and their uses.
- Refinance home distilling cash by renewing home loan
- Every year many people refinance their mortgage. Why and what to look out for.
- Mortgages and Loans. Islamic finance avoids interest.
- Muslims are forbidden by the teachings of the Koran to pay interest. This means that conventional mortgages and loans cannot be used. This article explains the alternatives available for Muslims and defines some of the words used in Islamic finance.
- House price rises – a cautionary tale
- The housing market seems to be buoyant with house sales exceeding expectations in some parts of the country. If mortgage rates start to rise, the market may see a correction. Take care not to take on too much debt.
- HIP's – the full story
- Ready, steady, go! With just three months to sell your home using the forthcoming and compulsory information pack, you need to get your act together. Here we face the facts.
Over the last 12 months house prices rose by 0.1%.
The performance of the London market results from of a number of factors:
- A shortage of new housing coming onto the market
- London has underperformed in terms of house price growth over the last few years. This in turn has meant that incomes and house prices in the capital are more closely aligned than in other regions.
In other parts of England and Wales, levels of affordability remain stretched.
At a local level away from London, prices have picked up – mainly in cities in the South of England. Berkshire (0.7%) and East Sussex (0.6%) performed well.
Cities in the North saw slower price growth, with Newcastle, Liverpool, and Manchester all reporting growth of just 0.1%.
The under-performing counties were Derbyshire (-0.1%) and the Isle of Wight (-0.1%).
The areas reporting the highest rises in March were all across London: Central London & City (1.9%), East London (1.4%), North London (1.2%), West London (1.2%), South-West London (1.0%) and South-East London (0.8%).
In March the national average house price stood at £162,500.
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