Average House Price Increases for Fifth Successive Month
According to Nationwide house prices increased by 0.2% in February 2013. This means the average house price in UK has increased for five successive months in a row and now stands at £162,638, up over £1,500 on the previous month. This positive news is largely due to the Funding for Lending Scheme which was introduced in August 2012 by the Bank of England and HM Treasury, designed to increase bank lending for households and businesses. Over the past 12 months the property market has been up and down resulting in mixed views and predictions, during this time the average house price has increased by 0.6%.
To boost the market further several banks and building societies are reducing interest rates for first time buyers. Santander are offering 3.94% on an 85% LTV (Loan to Value) mortgage with cashback on completion, and Halifax have an LTV option at 90% and provide up to £500 on moving at 4.99%.
Stewart Property Buyers can help today if you want a quick house sale. Whether you want to sell your property fast in 10 days or 6 months we can help. We specialise in the sell house fast process designed to help house sellers who need to sell a house fast. We know selling a house quickly is difficult especially if you need the cash for your house asap. Stewart Property Buyers can buy your house with cash fast and let you move on with your life. We do not charge any fees meaning there are no costs to you as the seller. Call us free on 0800 324 7875 and talk to one of our friendly team today.