View more on these topics

Halifax is forecasting 9% price increase this year

Average house prices in the UK increased by 1.5 per cent in January to £123,451 from £121,627 last December, according to latest research by the Halifax.

Its monthly house price index reveals an annual rise jump of 24.9 per cent from the same time last year when the average price was £98,840.

Halifax says this signifies that the housing market remains strong and that despite continuing price rises, affordability is manageable. It says loan payments in the last quarter of 2002 represented 15 per cent of gross earnings for a typical new borrower compared with an average of 18.1 per cent between 1983 and 2002.

Halifax is optimistic about the future of the UK housing market, predicting annual price growth of around 9 per cent this year.

But it says this is a marked slowdown when compared with the 26 per cent annual growth in the final quarter of last year. It puts down the downturn in the rate of increase to a gradual drop in demand.

Chief economist Martin Ellis says: “The housing market remains strong, with prices rising by 1.5 per cent in January. The factors that drove the market last year continue to be very much in place. Mortgage rates are at their lowest since the late 1950s. Transaction levels have also increased, particularly in the North of England.”


The suite stakes are high

The stakeholder providers lobbying for an increased charge cap must really be kicking themselves for the way they responded to the launch of stakeholder pensions in 2001.In those heady days of the bull market, the pitch to the IFA market was that 1 per cent was enough to cover the costs of personalised advice, deliver […]

FSA says £110m key facts are vital for consumers

The FSA admits that its proposals for a new disclosure regime will be an expensive burden on the industry but says it is a necessary move to ensure that consumers understand the products they are buying.As revealed in Money Marketing in January, the proposals could cost the industry £110m although the regulator says it is […]

Eight IFA firms to take tech agenda to the providers

A leading group of IFA firms, including Positive Solutions, Towry Law and network Berkeley Berry Birch, are working together to take the IT agenda to technology providers.The association is forming a group strategy for “adviser-led technology” which it will take to various IT providers. It hopes eventually to challenge Origo&#39s domination.It is drawing up a […]

MarketPlace offers two-year tracker

The MarketPlace at Bradford & Bingley is offering borrowers access to an exclusive flexible two-year tracker loan funded by the Woolwich.The loan, which is only available on remortgages, is part of Woolwich&#39s Open Plan flexible mortgage range. The rate is -0.01 per cent of the bank base rate for two years, giving a current rate […]

CGT entrepreneurs' relief

Entrepreneurs’ relief is due, subject to meeting certain conditions, in respect of capital gains arising on ‘material disposals of business assets’. These ‘business assets’ include: Read more


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm