House Prices Fall For A Second Consecutive Month

Our average debt write-off in 2017 was £75,923

Our service is 100% confidential, accredited & authorised

We have a debt write-off success rate of 96.6%

We are currently entrusted by over 473 clients to deal with their debt

Latest News on House Prices in April 2017

The price of houses dropped for a second consecutive month in April, as property values fell 0.4%.

According to Nationwide Building Society, the fall in prices, which followed the 0.3% drop in March, meant average UK homes now cost £207,699.

| Overview

The annual rate at which house prices are rising is at its weakest since June 2013, slowing to 2.6%.

What is the Reason for the Slowdown?

It’s noted that the slowdown is due to the squeeze on household incomes and growing affordability pressures.

The standard home is now costing 6.1x the average earnings, which is a lot higher than the long-run average of 4.3x the average earnings and is approaching the all-time high of 6.4x the average earnings back in 2007, just before the house price crash.

During this time, household budgets are coming under increased pressure as wage growth has weakened and inflation has risen.

The housing market’s slowdown could be part of a wider trend, as the growth in retail sales slowed significantly in recent months, falling from its 7.3% 14-year high in October to a lowly 1.7% in March.

Nationwide pointed out that there were significant reservations around the UK’s future due to the Brexit process and June’s General Election.

They also expect household spending to remain sluggish in the upcoming months due to increasing inflation and affordability issues, which is likely to act as a strain on both house prices and activity in the coming quarters.

If you have negative equity or struggling with property debts, speak to one of our advisors who are experts in this field. We are also FCA Regulated.

Our team of property debt specialists offers a range of possible solutions based on your situation

Whatever your circumstances, the process starts with a case review. We will obtain all of the original documentation on your mortgage from your lender so we can assess your needs and work out the best way for us to help you

Start getting help TODAY

The UK's Leading

Property Debt Experts

See How We Can Help You

We Can Get A Write Off On Your Mortgage

Call 0161 660 4403

This website uses cookies. By using the site, you consent to the use of cookies in line with our privacy policy.