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House prices rise by just £650 in a year, says Nationwide

House prices rise by just £650 in a year, says Nationwide

House prices have risen by just £650 over the past year, new figures from Nationwide Building Society revealed today.   Annual property inflation remained sluggish in July, with the average home up just 0.3 per cent on a year earlier, from £217,010 to £217,663. Nationwide’s chief economist Robert Gardner said while new buyer inquiries have increased […]

Fewer than 250 retirement interest-only mortgages sold in three months

Fewer than 250 retirement interest-only mortgages sold in three months

Retirement interest-only mortgages were supposed to help thousands of older homeowners remortgage to clear debts or fund their pension years, but This is Money can reveal just 241 were sold in the first quarter of the year. The financial industry is pinning great hopes on retirement interest-only mortgages helping borrowers who retire with home loans […]