archiveNationwide

House prices in the UK picked up again in May, helped by favourable market conditions for buyers, according to Nationwide Building Society.Prices rose by 0.5% compared to April, when they had fallen by 0.6%. The average property now costs £273,427. On a yearly basis, prices were up 3.5%, a slight increase from April’s 3.4% rise. Nationwide said the market remains “supportive” for those looking to buy. Robert Gardner, Nationwide’s chief economist, said: “Despite wider economic uncertainties in the global economy, underlying conditions for potential home buyers in the UK remain...

UK property platform Rightmove (RMV.L) and building society Nationwide have launched an online feature that allows potential homebuyers to understand if a specific property is likely to be eligible for mortgage lending. They said that the new digital "property lending check" is a global first, in enabling homebuyers to receive real-time information about the likelihood of getting a mortgage on a house before viewing it and make an offer. The feature aims to give "home-hunters more mortgage confidence, much earlier in their moving journey," they said. According to the announcement...