House prices remain broadly flat according to Halifax

Latest Halifax House Price Index report released today headlines ‘Annual House Price Growth Remains Flat at 1.8% in June’. Russell Galley, Managing Director, Halifax, said: “House prices continue to remain broadly flat, with the annual rate of growth marginally slowing from 1.9% in May to 1.8% in June. “Activity levels, like house price growth, have…

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House prices rise 1.5% in May according to Halifax

Latest Halifax House Price Index – May 2018 headlines ‘Annual House Price Growth Softens to 1.9% in May.’ Halifax revealed that on a quarterly basis, house prices were up just 0.2% in the three months from April to May compared to the previous quarter. Annual inflation rate stood at 1.9%. On a monthly basis, prices…

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Mortgage approvals decline slightly between January and February according to e.surv

The latest Mortgage Monitor from e.surv, one of the UK’s largest residential chartered surveyors, shows there were 66,364 mortgages approved (seasonally adjusted) during February 2018. Mortgage approvals decline slightly between January and February with  growth in number of first-time buyers and small deposit mortgages. e.surv reveals that this month’s approvals are 1.25% lower than in…

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Overall borrowing rose in December 2016 says BBA

The British Banker’s Association (BBA) today published figures for the High Street Banks for December 2016. They mention in the news report that: Overall borrowing rose in December 2016. House purchase approval numbers were slightly higher than in December 2015 but in 2016 as a whole were 4.1% lower than in 2015. Remortgaging approvals were…

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House price growth eases slightly in November

Nationwide today released their House Price Index (HPI) for November headlined ‘Annual price growth slowed further in November.’   Annual house price growth slowed slightly to 4.4%, from 4.6% in October. House prices increased by 0.1% month on month in November. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: _UK house prices increased…

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Mortgage approvals ticked up a little in October

The BBA last week published a news report in the BBA Voice sectionÿ headlined ‘Confident consumers key to post-referendum economic performance High Street Banking Statistics, October 2016’ In a section of the news report it interestingly states:ÿ Mortgage approvals ticked up a little in October.ÿ There has, however, only been a relatively modest increase in…

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Mortgage approvals at lowest for 18 months

According to figures out yesterday from The Bank of England (BoE) the number of mortgages approved by banks and building societies is at its lowest for 18 months. New mortgages approved in July totalled 60,912 down from 64,512 in June, the lowest total since Januray 2015 and a 12.4% drop in the number of mortgage…

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UK Mortgage approvals at lowest for over a year

Figures out from the Bank of England (BoE) at the end of last week showed that UK mortgage approvals fell to their lowest level in more than a year in June. This added to the suggestion that the housing market had slowed down prior to the EU referendum, demand had already weakened since the stamp…

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Mortgage approvals down on the average in May

The Money and Credit statistical release for May 2016 released yesterday by the Bank of England (BoE) stated the following re Mortage Approvals: The number of loan approvals for house purchase was 67,042 in May, compared to the average of 70,598 over the previous six months. The number of approvals for remortgaging was 42,919, compared…

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