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Looking for more information on UK House Prices and details of the main organisation's and institutions that collate and publish House Price Surveys, and further Mortgage help? Well, you've arrived at the right place!
On this page, we look at UK House Price Surveys, and the organisation's and institutions that collate and publish information on UK House Prices along with the trends they show. We also offer further information and details as to how we can help with a Mortgage, even in the trickiest of circumstances should you be looking for one.
Table of Contents:
In the UK, House Price Surveys are compiled by a variety of organisation's which we will go on to detail in a moment or two. Firstly, lets take a quick look at House Price Surveys and what they are, and the purpose they serve.
Well, House Price Surveys are reports that are produced by a number of organisation's, each using their own data on property sales and other information to help build a picture of UK House Prices and property related market trends, some on a national basis only, whilst others are able to break it down to a regional basis.
The information compiled and produced in House Price Surveys is published and distributed to media outlets and helps to serve as a guideline for UK House Prices.
UK House Price Surveys are becoming a more frequent occurance nowadays, with more and more organisation's and institutions compiling and producing their own surveys, which quite often will display conflicting and contradictory information and trends to the last Survey published, it can become difficult to know which is more accurate!
So, lets take a look at some of the different organisation's that produce House Price Surveys. Generally, the main UK House Price Surveys are collated and published by:
As we said, these are just the main publishers, there are indeed others who do so.
As Britain's biggest mortgage lenders, The Halifax plc and Nationwide Building Society use their substantial number of mortgage transactions across the entire United Kingdom to help compile their Surveys. Obviously, there is usually a large degree of similarity between the two surveys, although they are both based on prices on properties on which they will arrange a mortgage, neither organisation takes into account cash sales.
The Land Registry however takes all property sales into account, and of course all house purchases have to go through the Land Registry system. Since 2006, the Land Registry has been publishing a monthly survey in addition to its quarterly report. Uniquely the Land Registry information can be expressed both on a national and more localised or regionalised basis.
The Royal Institution of Chartered Surveyors (known as RICS for short) conducts a survey that gauges a different aspect within the property market, and gathers information from a panel of surveyors and estate agents throughout England and Wales regarding consumer confidence and other related issues, especially on their opinion as to whether house prices are rising or falling. Generally speaking the RICS survey is the first to show major movement in market trends and UK house prices.
When you understand and realise how and where each organisation sources its data to compile House Price Surveys, it's not too difficult to see how one survey may contradict another recently published survey.
That's the job of the valuer or surveyor.
In addition to instructing a basic valuation for the lender, we can, if you wish arrange a Home Buyers Report. This will give you a detailed survey and valuation report that will provide you with an excellent indication as to whether the purchase price is commensurate with the valuer's opinion.
Remember, we're here to try and help! So if you are thinking about the possibility of buying a new property, or perhaps even remortgaging your existing property, and would like an idea as to whether we can help or not, then please do not hesitate to contact us!
Our qualified Mortgage Advisors are available seven days a week from 8am until 10pm on FREEPHONE 08000 282 281 to discuss the options open to you. Alternatively, you can also enquire online. Naturally, we'll carefully assess your needs, requirements and aspirations and come up with the most appropriate solution for you, regardless of circumstances.
You'll find our approach to be friendly, helpful and professional, and we have an extensive portfolio of lenders and specialist mortgage products to help in even the most difficult of situations. We provide a comprehensive and personal service. So please don't hesitate to contact us if you would like to discuss your requirements, naturally without obligation! We'd love to hear from you and we'd be delighted to provide you with an in-principle decision - whatever your circumstances.
So, hopefully you are now more familiarised with House Price Surveys and UK House Prices, and trust we've managed to answer any initial questions you may have had. Remember, there is a wealth of useful mortgage and remortgage related information throughout our website, so why not take a few moments out to look at some of the possibilities and of course if you feel we could be of assistance, please Contact Us, we think you'll be glad you did!
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However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances.
For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.
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