UK house prices soar by 5% in September as mortgage approvals hit 13-yea...

UK house prices soar by 5% in September as mortgage
approvals hit 13-year high

UK house prices were up 5%, the highest growth rate in four
years, in September year on year, according to the Nationwide Building Society’s
lending data.

Mortgage lending also rose, reaching a 13-year high, as the
property market experienced increased post-lockdown demand.

However, job loss fears and tighter mortgage lending
criteria forced many young people to delay buying a property.

Activity has partly increased due to the temporary
stamp duty holiday, which means no tax is paid on the first £500,000 of all
property sales in England and Northern Ireland until the end of March.

However, some estate agents are saying that there is a “mixed
bag” of demand, with some properties selling faster than others, for instance
four-bed houses with space for a home office.

London based agents are reporting a “buyers’ market” with
room for negotiation on properties for sale in the capital. Maybe the new ‘work
from home’ pattern is encouraging young people to move out of city centres,
where they have more space and can afford larger properties?

Other articles available at Money Tips Podcast - www.moneytipsdaily.com

·       
Have you made a Will?

·       
How will a crash affect your pension?

·       
House
prices rise to reach all time high

·       
How
to avoid bankruptcy in business

·       
Will
demand for HMO rooms rise or fall?

·       
Is
this the end of office work as we know it?

·       
Home
workers one step closer to outsourced

·       
Why
live in expensive town centres anymore?

·       
Buy-to-let landlords ignore “NO DSS” tenant
ban

·       
Thousands
trapped in unsellable leasehold flats

·       
New Job Support Scheme unveiled by UK
Chancellor

·       
2m homeowners apply for mortgage payment
holiday

·       
Government extends
ban on landlords evicting tenants

·       
Self-employed, have
you claimed your government grant?

·       
UK property prices jumped by 3% since June
following stamp duty cut

·       
Why UK Property
prices rising after stamp duty cut, despite the downturn?

·       
New planning rules will open up more
opportunities to make money in
property

·       
You can create a second income during the
lockdown…and come out stronger

·       
Learn how to make money from property
without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus
lockdown, as businesses disappear and the job furlough scheme eventually comes
to an end. However, life doesn’t have to end because of lockdown! You can join
thousands of ordinary people who have increased their income and added
streams of new income during this period.

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased,
the economic model has subtly changed forever. How will you adapt to this new
way of working and running a business, what obstacles and opportunities lies
ahead? Will you be a participant or spectator in this revolution?

By Charles Kelly, Wealth Mentor, Property Investor, Author
of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical
steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3
R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it
out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on wealth mentoring and
coaching, how to survive the crisis and even quit the rat race, email me at Charles@CharlesKelly.net
or send me a message through Facebook or my Money Tips Daily community. See
more articles at www.moneytipsdaily.com