By Kevin Peachey Cost of living correspondent Signs of life were seen in the UK housing market in the new year with a rise in the number of mortgages being approved. Activity remains weak overall, with potential buyers still nervous about high interest rates. But the latest Bank of England data shows approvals for house […]
Over 500,000 homes now cost £1m or more and in 13 streets of London average house price is in excess of £10m The number of property millionaires in Britain has more than doubled over the past three years and broken through the 500,000 mark for the first time, it is claimed. There are now 13 […]
Nearly four out of 10 homes were sold without the need for a mortgage in the first quarter of the year – a record high, the Nationwide has said. The building society – the UK’s second biggest mortgage lender – said that 38% of properties were sold to cash buyers.It said that low interest rates […]
