UK house price growth at 14-month high, says Nationwide

January property values are 1.9% higher than a year ago and average price stands at £215,897

Annual house price growth jumped to a 14-month high this month, according to Nationwide Building Society.

Across the UK, property values were 1.9% higher than a year earlier, marking the strongest annual growth since November 2018, when it was also at 1.9%. The average house price in January stands at £215,897 – 0.5% higher than in December.

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The £584 price tag we have had to pay for Land Registry delays

We can’t get our lease registered without a mortgage and can’t get a mortgage without the Registry

My partner and I extended the low lease of our new flat, a process which took nearly two years and cost £25,000. Our solicitor submitted the documentation to the Land Registry. She informed us there was a backlog and that it should be registered within two months.

Five months later our fixed-rate mortgage was due to end so we found a new deal with a different lender, but it was rejected because Land Registry records still showed our property on a lease of less than 70 years. The Land Registry said that, in order to expedite the matter, we needed to send them a mortgage offer. But lenders will not give an offer on a property with a lease below 70 years. Instead, we sent the mortgage rejection letter, but it still insisted on an offer.

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Do you own a holiday-let? 5 tips to get it up to scratch for next season Nottingham Estate Agents

Independent estate agent, Chartsedge, reveals the vital checks needed to ensure your holiday-let home is in good order for the year ahead It’s no surprise that many property owners are short of time and will find it difficult to visit their holiday-lets to arrange for minor work to be carried out. However, as we approach […]

The post Do you own a holiday-let? 5 tips to get it up to scratch for next season appeared first on OnTheMarket.com blog.

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Aah, a hot bath – archive, 28 January 1936

28 January 1936 The immense satisfaction a good soak brings

Just a spot more hot from that supply which you have so lovingly conserved for this moment of scarcely perceptible diminution in that superb, that liquid, melting warmth that buoyantly enfolds you. To this haven you have attained through a barrier of scalding heat, through a frantic period of toe-dipping and flicking, with just enough self-command remaining not to ruin all by too easy a recourse to “the cold”; through a phase of immersion by instalment, when your legs assumed a lobster hue and you clenched your teeth upon the cry of parboiled agony. But it was worth it. You have achieved perfection. You reach out a languid hand to the hot tap and sink back into the depths lulled, comforted, secure, as the new water wells round you.

Related: The hot bath habit: from the archive, 7 October 1925

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A guide to helping your children get a foot on the property ladder Nottingham Estate Agents

Nottingham Mortgage Services explain how parents can offer their financial help Hundreds of thousands of first time buyers are turning to the ‘bank of mum and dad’ this year to help get a foot on the property ladder – including older children who have long since cut the apron strings. One of the main reasons […]

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Aah, a hot bath – archive, 28 January 1936

28 January 1936 The immense satisfaction a good soak brings

Just a spot more hot from that supply which you have so lovingly conserved for this moment of scarcely perceptible diminution in that superb, that liquid, melting warmth that buoyantly enfolds you. To this haven you have attained through a barrier of scalding heat, through a frantic period of toe-dipping and flicking, with just enough self-command remaining not to ruin all by too easy a recourse to “the cold”; through a phase of immersion by instalment, when your legs assumed a lobster hue and you clenched your teeth upon the cry of parboiled agony. But it was worth it. You have achieved perfection. You reach out a languid hand to the hot tap and sink back into the depths lulled, comforted, secure, as the new water wells round you.

Related: The hot bath habit: from the archive, 7 October 1925

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UK banks approve highest number of mortgages since 2015

Bank of England could be more likely to leave interest rates on hold amid property upturn

The number of mortgages approved by Britain’s high street banks jumped to the highest level for almost five years in December, in the latest sign of a revival in the housing market.

Mortgage approvals for house purchases increased to 46,815 in December compared with 44,058 a month earlier, according to UK Finance – hitting the highest level since April 2015.

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