UK House Prices Rise for Sixth Consecutive Month Amid Looming Stamp Duty Changes
UK house prices rose 0.4% in February to £270,493, marking six months of consecutive growth driven by first-time buyers rushing to beat upcoming stamp duty increases; annual growth stands at 3.9%, though transactions remain below historic levels.
UK House Prices Rise for Sixth Consecutive Month Amid Looming Stamp Duty Changes
UK house prices rose 0.4% in February to £270,493, marking six months of consecutive growth driven by first-time buyers rushing to beat upcoming stamp duty increases; annual growth stands at 3.9%, though transactions remain below historic levels.
Progress
36% Bias Score
UK House Prices Rise 3.3% in 2024, Stamp Duty Changes Expected to Boost First-Time Buyers
Halifax reported a 3.3% increase in UK house prices in 2024, reaching an average of £297,166, while Nationwide reported a 4.7% increase to almost £270,000; both exclude cash and buy-to-let purchases. Upcoming stamp duty changes are expected to incentivize first-time buyers, despite affordability cha...
UK House Prices Rise 3.3% in 2024, Stamp Duty Changes Expected to Boost First-Time Buyers
Halifax reported a 3.3% increase in UK house prices in 2024, reaching an average of £297,166, while Nationwide reported a 4.7% increase to almost £270,000; both exclude cash and buy-to-let purchases. Upcoming stamp duty changes are expected to incentivize first-time buyers, despite affordability cha...
Progress
40% Bias Score
UK Stamp Duty Hike to Hit First-Time Buyers Hard
The UK government's reinstatement of higher stamp duty thresholds from April 1st, 2024, will significantly increase costs for first-time buyers, particularly in expensive areas like London, where the average stamp duty bill could increase by over £11,000, reversing Labour's pre-election promises and...
UK Stamp Duty Hike to Hit First-Time Buyers Hard
The UK government's reinstatement of higher stamp duty thresholds from April 1st, 2024, will significantly increase costs for first-time buyers, particularly in expensive areas like London, where the average stamp duty bill could increase by over £11,000, reversing Labour's pre-election promises and...
Progress
52% Bias Score
Massive Deposits Needed to Buy Homes in UK Cities
New research from April Mortgages shows that buying a home in over half of Britain's biggest towns and cities typically requires a deposit of over £100,000, with 16 locations demanding over £200,000, due to the widening gap between house prices and average incomes, impacting affordability for averag...
Massive Deposits Needed to Buy Homes in UK Cities
New research from April Mortgages shows that buying a home in over half of Britain's biggest towns and cities typically requires a deposit of over £100,000, with 16 locations demanding over £200,000, due to the widening gap between house prices and average incomes, impacting affordability for averag...
Progress
56% Bias Score
Leeds Building Society Increases First-Time Buyer Borrowing by £66,000
Leeds Building Society's new "income plus" mortgage allows first-time buyers to borrow up to 5.5 times their annual income, increasing average borrowing power by £66,000 and potentially boosting homeownership, addressing affordability challenges and increasing demand, but also increasing risk of deb...
Leeds Building Society Increases First-Time Buyer Borrowing by £66,000
Leeds Building Society's new "income plus" mortgage allows first-time buyers to borrow up to 5.5 times their annual income, increasing average borrowing power by £66,000 and potentially boosting homeownership, addressing affordability challenges and increasing demand, but also increasing risk of deb...
Progress
48% Bias Score