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Nationwide report an increase in house prices of 1.6%

by Lee | Thu, 27/08/2009 - 10:15

According to the Nationwide Building Society, UK house prices rose 1.6 per cent in August. This rise is the biggest increase that they've reported since December 2006.

The annual rate at which prices are falling also continued to ease during August, narrowing to just 2.7 per cent, down from 6.2 per cent in July. The Nationwide said prices were now 3.2 per cent higher than at the beginning of 2009 at an average of £160,224, although it added that they were still 14.4 per cent below their peak in October 2007.


Nationwide brings back the 125% mortgage

by Lee | Thu, 09/07/2009 - 13:59

Nationwide, the UK's 3rd biggest mortgage lender, has brought back the 125% mortgage. Many consider these type of loans symbolised the reckless lending that contributed to the banking crisis.

In reply to criticism the Nationwide have said that the eligibility for the deal would be strictly limited. It is only available to existing customers with a good credit history and are wishing to move but can't due to negative equity.


Surprise increase in house prices

by Lee | Thu, 02/04/2009 - 12:25

According to the latest figures by the Nationwide building society the average price for a home in creased by 0.9% in March which increased the average value up to £150,946.

This has reduced the annual rate of house price falls from 17.6% in February to 15.7% in March. The Nationwide described this sudden rise as a surprise bounce and warned that it was not a clear indication of an up turn in the market.