Key details:
- Annual UK house price growth slowed to 10.0% in August, from 11.0% in July
- Prices up 0.8% month-on-month after taking account of seasonal effects
- Average house price rises by almost £50,000 in two years
One of the most interesting portions is the section around the energy price cap. Recently we have seen some lenders offering slightly lower rates for clients who's homes are deemed to be energy efficient with either an A or B rating.
Whilst some lenders ask advisers to manually type in things like utility bills and council taxes, others will refer to the Office of National Statistics for this data and as costs rise, I suspect that the amount that can be borrowed for mortgage purposes will decrease in line with the added monthly expenditure.
Full story below:
https://www.nationwidehousepriceinde...-double-digits
