Tag: Nationwide

House prices at all-time high, says Nationwide

Image copyright Getty Images House prices continued their post-lockdown recovery in August, notching up their highest monthly rise in more than 16 years, says the Nationwide. “House prices have now reversed the losses recorded in May and June and are at a new all-time high,” said its chief economist, Robert Gardner. Prices rose by 2% last month, it said, taking… Read more →

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House prices bounced back in July, says Nationwide

Image copyright EPA House prices bounced back in July, climbing 1.7% during the month compared to a 1.5% fall in June, according to the Nationwide. “The bounce back in prices reflects the unexpectedly rapid recovery in housing market activity since the easing of lockdown restrictions,” it said. Activity has been boosted by pent-up demand and the stamp duty holiday. But… Read more →

Nationwide caps mortgage lending due to virus

Image copyright PA Media The UK’s biggest building society has tripled the deposit it will ask for from first-time buyers. The Nationwide will lower its ceiling for mortgage lending to new customers in response to the coronavirus crisis. It said the change, from Thursday, was due to “these unprecedented times and an uncertain mortgage market”. First-time buyers are likely to… Read more →

House prices see largest monthly fall for 11 years, says Nationwide

Image copyright Getty Images House prices fell 1.7% in May from the previous month, the largest monthly fall for 11 years, according to the Nationwide. Annual house price growth halved from 3.7% to 1.8%, as the coronavirus crisis hit market activity. The latest HMRC data showed that residential property transactions fell 53% in April compared with 2019. “The medium-term outlook… Read more →