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Slowest house price growth for eight months

House prices grew at their slowest rate in eight months in November, according to figures published last week by the Office for National Statistics.

Prices rose by 10 per cent year-on-year, from £246,000 to £271,000. This was the slowest annual rate of growth since April 2014.

First-time buyers were hit harder than homemovers by rising prices with 11 per cent annual growth in November. 

Prices for homemovers, on the other hand, increased by 9.5 per cent over the same period.

E.surv director Richard Sexton says: “First-time buyers are being squeezed between the rock of reduced lending and the hard place of climbing prices.”



Remortgage slump continues with 16% annual decline

The remortgage slump continued in November with the volume of loans advanced falling by 16 per cent year-on-year. Around 24,000 remortgage loans were advanced in the month, down from 28,000 a year earlier – the seventh consecutive annual fall. The value of remortgage loans decreased by 14 per cent from £4.1bn in November 2013 to […]


Webb seeks evidence on pension impact on borrowers

Pensions minister Steve Webb has asked mortgage lenders for evidence on whether paying into a pension makes a borrower a better credit risk. Webb met the Council of Mortgage Lenders and Association of Mortgage Intermediaries in December after Mortgage Strategy’s sister title, Money Marketing, reported that some lenders take pension contributions into account when assessing […]


Paymentshield appoints new chief financial officer

Insurance provider Paymentshield has appointed Rob Evans as its new chief financial officer. Evans joins the company from Westfield Health, where he spent six years as financial director. He previously spent four years in senior management roles at Scarborough Building Society Group as well as working for six years at Zurich Financial Services between 1998 […]

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Analysis: Positive new year for intermediaries

The year may be only days old but, in the mortgage market at least, we have already seen some themes emerging that should make for an interesting and, hopefully, profitable 12 months for advisers. Last week, I saw the first use of the phrase ‘rate war’ in relation to the price cuts already announced by […]

Now more than ever, we need to back the small developer

In the context of the current housing deficit, the latest housebuilding stats aren’t great. But what does doing better look like? The Department for Communities & Local Government published its latest figures at the end of August, which revealed that housebuilding starts in England rose 2 per cent in Q2 compared to the previous quarter […]


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