UK house prices strengthen

Mortgage News

Below you will find news relating to mortgages. Get up to date information about the current mortgage market.

Found in: Mortgages February 13th, 2007

Annual UK house price inflation rose by 6% in the year to July, up from 5.2% in the year to June, according to the Department for Communities and Local Government (DCLG)

Property prices led the way in London, with annual price inflation in the capital rising from 5.8% in June to 7.0% in July. The report reveals that the average property in the UK now costs £194,454.

House price inflation in England rose to 5.5% in July, compared with 4.6% in June. In Scotland, house price inflation rose to 9.3% from 8.9%. While in Northern Ireland and Wales prices fell back slightly between June and July. In Northern Ireland the rate fell from 19.1% to 18.3%, while in Wales the rate fell from 8.5% to 7.4%.

Milan Khatri of the Royal Institution of Chartered Surveyors says: “The acceleration in house price inflation… confirms that the property market enjoyed a firm rebound during the summer months.”

Need help and advice? Use our Mortgage Enquiry Service to contact a specialist:

By working closely with FM2 Financial Consultants, creditmarket.co.uk has access to a wide range of mortgage solutions, even if you have had difficulty obtaining credit in the past.
With access to a mortgage database containing thousands of products including high-street lenders FM2 Financial Consultants are able to quickly find a product to suit your individual requirements.

		Submit some basic information: Title First Name(required) Surname(required) Date of Birth(required) House Name/Number Town County Postcode Home Phone(required) Work or Mobile Email(valid email required) Mortgage Amount £ Property Value £ Mortgage Purpose Mortgage Term Required
	First Time Buyers Moving House Remortgages Lifetime Mortgages (Equity Release) Flexible Mortgages Self Certification Buy to Let Bad Credit Mortgages

FM2 are 'whole of market' advisers with access to a mortgage database containing thousands of mortgage offers - updated daily with many high-street lenders including Halifax, Nationwide, Woolwich, Alliance & Leicester, Cheltenham & Gloucester, RBS, Abbey, Northern Rock, Coventry and Leeds Building Society. Their advisors are able to quickly find a product to suit your individual requirements.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

top of page