17 Aug 2018
UK House Price Increase
According to the Halifax, house prices went up in July at the fastest rate since November 2017. The average house price in the UK now stands at a record £230,280.
In July house prices went up by 1.4%, compared to June. Nationwide also reported a similar rise.
This month the Bank of England increased its interest rates to 0.75% from 0.5%. This rise is predicted to affect 3.5 million home owners currently paying a tracker mortgage.
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