Page 30 - Lucy Pendleton News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nationwide said a 20 per cent deposit on a typical first-time buyer home is now around 113 per cent of their typical before tax income.

There was a significant 4.5 per cent jump in prices between May and June, which the ONS attributed to the tapering down of the stamp duty tax break.

Britain's blue-chip index closed nearly 12 points lower, or 0.16%, at 7,169 on Wednesday

The first clues are emerging about what might happen to the housing market after the tapering down of the stamp duty holiday and how the race to beat the deadline pulled sales forward. After a frantic final leg for agents, mortgage brokers, banks, conveyancers and, of course, buyers and sellers, a leading estate agent has revealed that exchanges dropped to 40 per cent of the five year average in the first week after the cut-off. According to Knight Frank, the number of exchanges dropped to less than half the five-year average between 1 and 7 July - immediately after the stamp duty relief was ...

House prices soared by 10.9 per cent annually in May, marking the strongest growth in nearly seven years, according to the Nationwide house price index.