Halifax: Property prices rose in May
Halifax has released a new survey which suggests that the average price of property increased 2.6 per cent in May.
UK homeowners such as those who secured mortgages for professionals may therefore have seen the value of their bricks and mortar rise.
According to Halifax's figures, the monthly hike in housing costs between April and May was the largest for seven years.
It said that the average price of a home was £158,565 in May - that is around £4,000 more than the previous month.
Last Friday, Nationwide Building Society also indicated that the average price of a property went up during May.
Although only reporting a 1.2 per cent increase to just over £154,000, the survey was another positive indicator for the future of the property market as a whole.
The Bank of England also indicated that the month saw 43,200 mortgages approved - the highest monthly total for a year.
Mortgages for professionals provides expert mortgage advice and is committed to represent the borrower not the lender on over 30,000 mortgage products for high earning clients.
UK homeowners such as those who secured mortgages for professionals may therefore have seen the value of their bricks and mortar rise.
According to Halifax's figures, the monthly hike in housing costs between April and May was the largest for seven years.
It said that the average price of a home was £158,565 in May - that is around £4,000 more than the previous month.
Last Friday, Nationwide Building Society also indicated that the average price of a property went up during May.
Although only reporting a 1.2 per cent increase to just over £154,000, the survey was another positive indicator for the future of the property market as a whole.
The Bank of England also indicated that the month saw 43,200 mortgages approved - the highest monthly total for a year.
Mortgages for professionals provides expert mortgage advice and is committed to represent the borrower not the lender on over 30,000 mortgage products for high earning clients.
