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The Latest Breaking News from Tim Bannister

Typical first-time buyer mortgage payment in London is now £2,393 a month

First-time buyers now face paying £227,757 for a home, rising to more than half a million pounds in London, Rightmove said

Evening Standard

Mortgage of first-time buyer tops £1,000 a month as house prices and rates rise

Average monthly payment has risen by 61% since 2019, pushing borrowers into smaller homes or ultra-long loans

The Guardian - UK

London house prices remain flat — but can you guess the borough that's seen a 10% increase?

Rightmove’s index of asking prices reveals the latest trends, as house prices start to rise once more

Evening Standard

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Labour pledges to ‘get Britain building again’

The Labour manifesto document said the party ‘will not be afraid to make full use of intervention powers to build the houses we need’.

The Independent UK

Conservatives pledge to support first-time buyers and build 1.6m homes

The manifesto promises to make stamp duty cuts for first-time buyers permanent and deliver 1.6 million homes in England over the next Parliament.

The Independent UK

UK interest rate cut this summer ‘possible’ says BoE deputy governor, as house asking prices hit record – as it happened

Rolling coverage of the latest economic and financial news, as deputy governor Ben Broadbent gives his final speech at the BoE

The Guardian - UK

London properties add £9,000 to asking priced as more family homes come onto the market

More sellers are coming to the rebounding market as people rush to move ahead of the election, reports Rightmove

Evening Standard

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Surge in homes coming on the London market recorded in run-up to Easter holidays

The recent increase in activity is a ‘positive sign’, Rightmove said.

Evening Standard

UK housing market sees spring revival as asking prices jump; oil price hits four-month high – as it happened

Rolling coverage of the latest economic and financial news, as Rightmove says “we now seem to be past the bottom” of the property market

The Guardian - UK

UK house prices rise by 1.5% in biggest increase for 10 months

Data from property website Rightmove finds average asking price has reached almost £370,000

The Guardian - UK

Energy experts reveal the upgrades that will increase the value of your home by 15% – by boosting your EPC rating

Prioritise these now for a huge payout later on

Ideal Home

London asking rents hit new record high but they are rising at a slower pace in 2024

Rightmove said 2024 is the year when ‘we think there will be a much smaller increase in advertised rents’.

Evening Standard

London house prices drop as sellers knock another £2,500 off in January – Rightmove

Agents reported a rise in buyer enquiries, but cautioned sellers to price competitively as cost-of-living crisis continues

Evening Standard

House sellers hike asking prices by £4,500 in a month

Tthe average price of a property coming on the market increased by 1.3% or £4,571 month-on-month

The Independent UK

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The Independent UK

Record Boxing Day bounce in sellers coming to market, says Rightmove

The number of buyers contacting estate agents about homes for sale also jumped, the property website said.

The Independent UK

Squeeze on home buyers’ budgets set to continue into 2024, say experts

But potential cuts to interest rates, as well as lower house prices in some locations, could provide house hunters with new opportunities.

The Independent UK

Average asking price for a UK home tumbles by £7,000 in December

Across Britain, average asking price for home coming on market falls by 1.9 per cent or £6,966 in cash terms this month

Evening Standard

London house prices tumble by over £6,200 in December

House prices in the capital have fallen another 0.9 per cent since last month as sellers try to attract buyers

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The Independent UK

Average price tag on a home tumbles by nearly £7,000 in December

Across Britain, the average asking price for a home coming on the market fell by 1.9% or £6,966 in cash terms this month, Rightmove said.

International Business Times UK

UK Property Market Anticipates 1% Price Drop in 2024 Amidst Seller Competition and Mortgage Rate Stability

Rightmove foresees sellers having to adopt more competitive pricing strategies in 2024 to secure transactions.

The Guardian - UK

Renting property in the UK: how to get the home you want

Know what you want and set an all-inclusive budget

Evening Standard

Autumn statement 2023: what might it mean for London first-time buyers and homeowners?

From raising the stamp duty threshold to slashing inheritance tax, extending mortgage guarantees to new deposit-saving schemes, here's what could be announced tomorrow

Evening Standard

£14,000 wiped off the average asking price of a London home in November

The 2.1 per cent fall in average asking prices is the biggest percentage drop recorded for the month of November in five years

The Guardian - UK

UK house asking prices in largest November fall since 2018; Opec insists oil market still strong – as it happened

Rolling overage of the latest economic and financial news, as Rightmove reports prices falling at the fastest rate in five years, for the time of year

Evening Standard

Weakest October for asking price increases since 2008

Across Britain, average new seller asking prices rose by 0.5%, but the long-term average increase for the month of October is 1.4%, Rightmove said.

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