What is Insurance?

Our insurance scheme means you paid to join mydeposits
and also pay a protection fee that lets you hold the deposit
in your bank account.

If this is how you protect deposits login here

Member LOGIN

What is Custodial?

Our custodial scheme means that you joined mydeposits
for free and transfer the deposit money to us to hold.

If this is how you protect your deposits, then use:

Landlord login or Business login

Landlord LOGIN Business LOGIN

Get all the latest news to your inbox

Get all the latest news to your inbox

December 20

by Amy Kraven
House prices slow to 0.3 per cent a year, says lender

House price growth has almost stood still over the past 12 months, according to one of Britain’s leading mortgage lenders. The annual change in house values in England to November 2018 was just 0.3 per cent.

The slow down marked a 1.1 per cent decrease between the second and third quarters of the year, according to data from The Halifax. The monthly change was even sharper – down 1.4 per cent since October. The bank says the average price of a home is £224,578, a fall of £1,669 from £226,247 a year ago, while values have dropped in three out of the four past months.

Russell Galley, managing director, Halifax, said: “House price growth has slowed as we approach the end of the year, falling from 1.5 per cent in October to 0.3 per cent in November. While this is the lowest rate of growth in six years, it remains within our forecast range of 0 per cent to 3 per cent for 2018.

“High employment, wage growth and historically low mortgage rates continue to make home ownership more affordable for many, although the need to raise a significant deposit still acts as something of a restraint on the market. This is largely offset by a relatively limited supply of new and existing properties for sale, which continues to sustain house prices nationally.”

The latest Land Registry house price data for September 2018 set the average property price at in England at £232,554, which was an annual increase of 3.5 per cent and a zero monthly change. The figures were £152,961 for Scotland, £162,069 for Wales and £125,060 for Northern Ireland.

House prices are growing fastest in the West Midlands at 6.1 per cent for the year. The most expensive home sold was in Kensington, London, for £17.85 million, while the cheapest were in Ferryhill, County Durham, and Burnley, Lancashire, for £19,000. In England and Wales, 594 homes sold for £1 million or more.

This website uses cookies to ensure you get the best experience More info