Halifax House Price Index May 2019
Brian Murphy, head of lending for Mortgage Advice Bureau, said:
“The latest data released from Halifax this morning proves yet again how erratic any monthly changes to average property prices can be. The April figures suggest an average month on month increase; a reversal of fortune, it would seem, from the month on month decrease reported by the same index in March. The year on year growth figures in April appear more consistent with the picture from the previous month, although it’s likely that this is being supported by the ongoing lack of properties for sale in many parts of the UK.
"With the usual spring market perhaps not quite as bouncy as usual, we’re seeing continued lender competition as mortgage rates remain at or close to record lows and a number of new products having been launched of late. In particular, lenders are keen to attract First Time Buyers who are widely seen as providing support for the rest of the market. Overall then, whilst not earth-shattering, one might perhaps view this latest set of data as an indication that the market remains on a steady footing.”
To read the full report, click here.
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.