Northern Rock came to epitomise the bad lending that contributed to the financial collapse and the last decade of financial nightmare. After the UK lenders were bailed out by the tax payer the housing market ground to a virtual standstill. Values plummeted and negative equity and repayment problems loomed. Progressively the issues are being worked [...]

When my great grandma bought a house in 1911, the price of the house was £600. This was pretty much what it would have cost to build from scratch. Today the average house price in the UK is closer to £200,000. Why are house prices so expensive? 1. Demand is greater than Supply. A very [...]

The government have unveiled a new policy to give first time buyers a greater chance of buying a new house. The new 95% mortgages will be backed by the taxpayer and will help first time buyers struggling to raise a deposit to buy a new home. It is estimated the scheme could help 100,000 potential [...]

The UK housing market has many different aspects, and increasingly is fragmenting into different sectors which have quite different fortunes. In particular, house prices in the South, and London in particular have increased at a much faster rate than house prices in the north. This means houses in London are increasingly out of the reach [...]

UK House prices have experienced a roller coaster in recent years. The economy is fundamentally weak, but house prices have often surprised analysts and proved remarkably resilient. The UK has a combination of rising number of households and limited supply which can push house prices higher, even during difficult economic times. Arguments that house prices [...]