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Property Blog

17 Aug 2018

UK House Price Increase

house price

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. 

If you are struggling with mortgage payments get in touch today. We have many options that can help various situations.

Stewart Property Buyers Team

 
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