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Research

Chestertons Residential Observer Monthly Edition - September 2014

Gross mortgage lending reached an estimated £19.1 billion in July.

Nick Barnes, Head of Research

Report Highlights

  • Highest ever fall in August house asking prices
  • July mortgage lending volume reached highest monthly level since August 2008
  • Homes located 500 metres from a tube or rail station command a 10.5% premium
  • The average loan-to-value ratio for London mortgages is 75%

Stormy Cloudy Settled Fair Fine Key national housing market indicators Source Price (£) 12 month change 3 month change Monthly change Date as at Definition Land Registry Hometrack Rightmove Home.co.uk LSL Acadametrics ONS Nationwide Halifax

£175,653 7.20% 2.50% 1.70% Jul-14 England & Wales: sold price
n/a n/a n/a 0.10% Aug-14 England & Wales: survey of achievable sale price
£262,401 5.30% -3.50% -2.90% Aug-14 England & Wales: asking price
£265,005 9.30% 1.70% 0.10% Aug-14 England & Wales: asking price
£274,302 10.70% 2.40% 0.90% Aug-14 England & Wales: based on Land Registry data
£272,000 11.70% 4.60% 2.60% Jul-14 UK: price at mortgage completion
£189,306 11.00% 1.50% 0.80% Aug-14 UK: price at mortgage approval
£186,270 9.70% 0.90% 0.10% Aug-14 UK: price at mortgage approval