Aug/090
Halifax: UK house prices on the increase
According to one of the UK’s largest mortgage lenders, house prices are now rising at a constant rate adding weight to the arguement that the housing market is undergoing a recovery. Halifax, conducted a survey of all their properties and results showed a 1.1% increase in July alone meaning the average price of a house has increased to £159,623.
Increases in average house prices have been hard to come by since October 2007 when the last quarterly increase took place. However, in the 3 months prior to July house price had already increased by 0.8% on the previous quarter.
It is one thing being told this by estate agents and mortgage lenders, but when large private housebuilders make similar claims we should take notice. Taylor Wimpey said it was seeing signs of a turnaround, with its sales rising in the first six months of the year. A company statement read: “there are signs that the situation is beginning to improve.”
Jul/090
Complaints about United Utilities rise by 16%
Research done by CC North West Water has shown that United Utilities is failing its customers. United Utilities billing system that was brought in 2005 has continually failed their customers. An example of this is on consumer who for 18 months received bills and solicitors letters for a property she previously lived at. Even though she had confirmed with United Utilities that there was no money owing on that property, the letters continued. This was according to United Utilities, due to an error on the consumers account.
This is not an isolated incident, and it’s something that United Utilities are being told to address.
United Utilities has said there figures show fewer complaints, but CC North West Water are urging them to continue improving at putting consumers first.
Jul/090
Loan Approvals on the up and up!
Mortgages and home loans approvals have increased for the first time since the recession began. This is because more consumers are taking advantage of the low interest rates and the fall of house prices. However, mortgage lenders are being urged to keep their rates low to encourage more first time buyers and therefore aid the housing recovery.
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