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house prices Archive
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Mortgages at their most affordable since 1997
Mortgage payments for new borrowers are now more affordable than they have been for 14 years according to new research from Halifax. The lender looked at average monthly mortgage costs as a proportion of disposable income for new borrowers – both first time buyers and homemovers. It found that in the 4th quarter of 2011, [...] -
A bridge too far?
Much consternation in media today following the Daily Mail’s front page story about helping so-called mortgage prisoners trapped by negative equity. John Humphries on the Today programme seemed particularly exercised by the idea when interviewing our own David Hollingworth. So what’s going on? And would a rather stretched metaphor help any? The first thing to [...] -
Fewer vendors put their homes up for sale in September
The RICS (Royal Institute of Chartered Surveyors) UK Housing Market survey for September revealed a fall in the number of new homes being put up for sale during the month as a result of the uncertain economic outlook. 5% more surveyors than the previous month reported that the supply of property fell rather than rose. [...]
