Tag: Nationwide
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The Property Market Will Bounce Back
With the news full of stories about falling house prices, it’s good to get a long-term perspective. In FT Adviser, investment expert Tim Murphy shares his views. Timing is crucial when it comes to making property investments, especially considering the current state of the housing market. With interest rates rising and uncertainty surrounding lending markets…
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Nationwide – Biggest House Price Fall Since 2009
UK house prices have experienced their sharpest annual fall since 2009, according to a report from Nationwide. The report reveals that in August, house prices declined by 0.8% compared to the previous month, resulting in an annual rate of house price growth of -5.3%, down from -3.5% in July. This decrease in prices does not…
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Could You Boost Your House Value by 25% with an Extension?
If you’re considering investing in property and want to enhance its value, new research by Nationwide, Britain’s largest building society, suggests that adding an extension or loft conversion, as well as extra bedrooms or bathrooms, could significantly increase the value of your property. In this article, we will explore the findings of Nationwide’s research, understand…
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Londoners Knock £23k Off Asking Prices
Homeowners in London have been forced to reduce their property asking prices by an average of £23,500, as soaring mortgage costs have hit the capital harder than any other region in the UK. According to data from Rightmove, asking prices in London have dropped by 3.4% since they peaked in May. Mortgage rates have tripled…
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Bank predicts 7% House Price Falls. But it’s “A Correction, not a Crash”
According to analysts at Deutsche Bank, UK house prices are expected to experience a further 3% to 3.5% correction, resulting in a total decline of 7% from peak to trough by the end of 2023. The Nationwide House Price index is currently down about 4.5% from its peak, however, the bank noted that this correction…
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Nationwide and Santander Cut Mortgage Rates
Nationwide Building Society and Santander have announced mortgage rate cuts, with other lenders potentially set to follow suit. Nationwide is cutting rates by up to 0.4% on its fixed mortgage products for new customers moving home, first-time buyers and remortgaging customers. Santander, which has already reduced rates by up to 0.29% in the past week,…
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London House Prices – 5 Trends from the Data
The housing market in the UK has seen some interesting trends in recent months, with both renting and buying markets experiencing fluctuations. City AM spoke to several experts on the London market and got five key takeaways from the latest data: What’s Next? In essence, the housing market in the UK is currently a bit…
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London House Prices Fall
London’s house prices have taken a slight dip! For the first time in four years, the value of houses in the UK’s capital has seen a decline. Here’s a breakdown of what this means for you:
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More Lenders Announce Mortgage Rate Cuts
All six of the UK’s largest mortgage lenders have now cut their mortgage rates, anticipating that the inflation figures released today will show improvements.
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NatWest and Virgin Money Cut Mortgage Rates
Both NatWest and Virgin Money have joined the ranks of lenders reducing their mortgage interest rates. Are we seeing a price war among the banks? What’s happening? Who’s involved? Why is this happening? What do the experts say? Big Picture If you were thinking about buying a house or changing your mortgage, now might be…