View more on these topics

Terraced houses see biggest price rises

Terraced houses have seen the greatest increases in their price over the last five and 10 years, research by Halifax Estate Agents reveals.

Based on Halifax’s house price data, the results show that over the last 10 years the average UK terraced house price has increased by 239%.

Over the last five years the trend is a little different, terraced properties have still recorded the biggest average house price increase across the UK at 113%.

The next biggest increase was seen by semi-detached houses at 95%, with flats and maisonettes recorded more modest growth at 87%.

Despite the strong growth in the price of terraced properties, detached houses still have the highest average price of all property types. The average price of a detached property in the UK is now £326,396, compared to £110,240 at the end of 1996.


IF offers fast track service

Intelligent Finance will now allow fast track income verification for self-employed customers with a LTV of up to 75%. It has also increased its fast tracking for employed customers from 75% to 85% LTV. Cammy Amaira, director of sales at IF, says: “Making it even easier for brokers to place business for their clients makes […]

Yorkshire announces record year with mortgage asset growth of 10.4%

Yorkshire has announced a record year for 2006 with underlying mortgage asset growth of 10.4% up to 13.3bn.Gross lending was up 26% to 4bn and net lending was up 52% to 1.3bn year-on-year.Member savings balance grew by 10.6% to 11.3bn and net retail inflow stood at 791m, which was up 84% on 2005.Management expense ratio […]

Beacon gets into Right to Buy

Beacon Homeloans has launched into the Right to Buy sector with a range that allows applicants to borrow up to 90% of the value of their houses, or 80% for flats, with a maximum of £1,000 County Court judgements per applicant. Last week, Halifax revealed there has been a 281% increase in the number of […]

Online insurance deals for advisers

Risk Placement Services, the online provider of special risk and impaired life insurance products, will now be available to advisers via Mortgage Promotions, Personal Touch Financial Services and Whitechurch. The three organisations have a combined adviser base of nearly 5,000.


News and expert analysis straight to your inbox

Sign up