th<\/sup> March, 2009.<\/p>\nSource: Bank of England<\/p>\n
Mortgage Lending by the Major UK Lenders<\/h3>\n
According to data from the major UK lenders, net mortgage lending was broadly unchanged at 33,698 in July, down by only 877 from June. The flow of net sterling mortgage lending by all UK-resident mortgage lenders was little changed in June at \u00c2\u00a30.7 billion. <\/p>\n
Data provided by the major UK lenders shows a split of gross lending between house purchase and the refinancing of existing mortgages (remortgaging). Gross mortgage lending for house purchases was unchanged in July, remaining close to levels seen during the previous quarter of 2010. Remortgaging activity continued to be weak.<\/p>\n
Source: Bank of England<\/p>\n
Land Registry Average Property Prices in England and Wales<\/h3>\n
The Average Price of a property in England and Wales is now \u00c2\u00a3166,072 as at the end of June, 2010.<\/p>\n
Source: Land Registry<\/p>\n
Percentage Changes of Property Prices in England and Wales<\/h3>\n
The Monthly change in June in England and Wales was 0.1%.<\/p>\n
The Annual change to June in England and Wales was 8.4%.<\/p>\n
Source: Land Registry<\/p>\n
RICS survey overview.<\/h3>\n
The RICS Housing Market Survey for July shows that more sellers are putting their properties on the market, but there are fewer buyers actively searching for a new property. Regionally, only London and the Northwest have seen price increases.<\/p>\n
Source: Royal Institute of Chartered Surveyors<\/p>\n
New Mortgages granted<\/h3>\n
Gross mortgage lending in July was an estimated \u00c2\u00a313.6 billion, a 5% increase from \u00c2\u00a312.9 billion in June and down 3% from \u00c2\u00a314 billion in July 2009, according to the latest data from the Council of Mortgage Lenders.<\/p>\n
Source: Council of Mortgage Lenders<\/p>\n
Outstanding Mortgage Debt<\/h3>\n
Average outstanding mortgage for the 11.4m households who currently have mortgages now stands at \u00c2\u00a3108,819.<\/p>\n
Total secured lending on dwellings at the end of June 2010 stood at \u00c2\u00a31,239bn. The twelve-month growth rate remained at 0.9%.<\/p>\n
Source: Credit Action<\/p>\n
Regional trends in House prices.<\/h3>\n
Largest increase in August is in the North, where the average price is up by 2.6% to \u00c2\u00a3155,503. which is 6.8% higher than August 2009.<\/p>\n
Largest decrease in August is in West Midlands, where the average price is down by 4.4% in August to \u00c2\u00a3185,736, but is still 2.1% higher than in August 2009. (This area saw the largest increase last month.)<\/p>\n
Source: Rightmove<\/p>\n
Halifax House Price Index figures.<\/h3>\n
The average price of a house is now \u00c2\u00a3167,425. House prices in July were 0.6% higher than in June. House prices are 4.9% higher than this time last year, measured by the average for the latest quarter against the same period a year earlier.<\/p>\n
Source: Halifax\/Lloyds TSB<\/p>\n
Nationwide House Price Index figures<\/h3>\n
The price of a typical UK property is \u00c2\u00a3169,347, a fall of (seasonally adjusted) 0.5% month-on-month (m\/m) in July, making house prices 6.6% higher than a year ago.<\/p>\n
Source: Nationwide<\/p>\n
Rightmove House Price Index figures<\/h3>\n
Rightmove’s survey shows the price of a typical UK property in August is \u00c2\u00a3232,241, a fall of 1.7% this month. House prices are 4.3% higher than a year ago.<\/p>\n
Source: Rightmove.co.uk<\/p>\n
September’s Property Market Fact File due at the end of September.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bank Lending Rate As widely predicted, the Bank of England Monetary Committee confirmed that the Bank Base Rate is to remain at 0.5% for a further month.\u00c2\u00a0 This is the 18th consecutive month it has been this low. Stayed at this level now since 05th March, 2009. Source: Bank of England Mortgage Lending by the … Continue reading “Property Market Fact File – August 2010”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"folder":[],"class_list":["post-1012","page","type-page","status-publish","hentry"],"yoast_head":"\nProperty Market Fact File - August 2010 - Property Surveying NEWSLETTER<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=1012\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property Market Fact File - August 2010 - Property Surveying NEWSLETTER\" \/>\n<meta property=\"og:description\" content=\"Bank Lending Rate As widely predicted, the Bank of England Monetary Committee confirmed that the Bank Base Rate is to remain at 0.5% for a further month.\u00c2\u00a0 This is the 18th consecutive month it has been this low. 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