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Halifax report rise in house prices

by Lee | Thu, 10/09/2009 - 10:51

According to the Halifax, house prices rose by 0.8% in August. They say that this now puts the average house price at £160,973.

The Halifax said that house prices have now risen in 4 out of the last 8 months as the market continues to show signs of stabilising.


Halifax says house prices dropped 0.5% in June

by Lee | Wed, 08/07/2009 - 15:11

According to the Halifax, the nations largest mortgage lender, house prices fell by 0.5% in June. This now puts the average property price at £157,713 which is down from £158,565 in May.

This means prices have now returned to levels last seen in May 2004. However, the index shows that the annual rate of decline has continued to slow down to 15% in the 3 months to June whereas it was previously at 16.3% in the 3 months to May.


Halifax helps first time buyers

by Lee | Wed, 29/04/2009 - 17:56

The Halifax has decided to give first time buyers a helping hand with their first house purchase and is offering to pay Stamp Duty on all first-time buyer properties between £175,000 and £250,000.

Alistair Darling announced in his Budget last week that the freeze on stamp duty for properties under £175,000 would continue until at least the end of 2009, it seems that the Halifax wishes to benefit those buyers who can afford a little more.

The deal, which begins today will return 1% of the properties purchase price once the sale has been completed.


Halifax claims house prices fell in March

by Lee | Wed, 08/04/2009 - 10:46

Earlier this month there was a glimmer of hope in the property market as the Nationwide published their monthly figures which showed a rise of 0.9% in property prices for March. The Halifax have just published their figures which completely contradict this by saying that prices actually continued to fall and were down by 1.9%.

According to the lender's figures, this reduction pushed the average price down to £157,326 which is the same level as they published in May 2004. Again, in contrast to this, the Nationwide claim the average has gone up to £150,946 (from £147,746).


First time buyers told to give up booze and fags to buy a house

by Lee | Mon, 16/03/2009 - 11:27

According to the Halifax, first time buyers could make changes to their lifestyle which would allow them to save £1,799 a year to put towards a deposit for a house.

The lender says that their research shows 48% of potential first time buyers (FTB's) aren't confident in being able to raise a deposit for their first home. The Halifax disagree and have highlighted that by making some simple changes and taking advantage of possible everyday savings FTB's could make a big difference to the size of their deposits.


Halifax publishes more bad news for house prices

by Lee | Thu, 05/03/2009 - 12:56

The mortgage lender Halifax, has just published their latest house price figures which show that prices dropped 2.3% in February and by a record annual rate of 17.7%.

According to the lender, the average house price in February dropped down to £160,327. This is a substantial decrease from the same time last year when the average prices was up at £194,953. The Halifax last saw figures as low as this back in August 2004.