House-price growth has peaked, says Halifax


The latest house-price index from the Halifax suggests growth has peaked and will start easing throughout the rest of the year. The average price of a UK home rose by 0.6 per cent in September up 9.6 per cent on the year but lower than the 10.2 per cent seen in July.

The increased difficulty in getting a mortgage is playing a part in constraining the market so borrowers looking for a loan should take independent mortgage advice.

While interest rates could start edging up slowly from next year, those who lock into a fixed rate will give themselves some certainty. However, it is important not to fix for longer than you are absolutely sure about as you may have to pay a hefty early repayment charge to exit the mortgage before the end of the fixed period.

Adrian Anderson
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Adrian Anderson