The total value of homes in Britain now stands at a staggering £9.2tn.
To put this eye-watering figure into perspective, it’s more than four times the GDP of the UK –
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Key takeaways
The value of the average home in the UK has increased by £44 per day during the past 6 months alone.
The housing market is moving at its fastest pace for 5 years, with
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The end of the stamp duty holiday has failed to dampen demand from potential buyers, which is up 30% on the five-year average.
Thanks to the tapering-off period at the end of the holiday, the
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Buyers now have the option to keep the interest they pay on their mortgage the same for up to 40 years.
Specialist lender Kensington Mortgages has launched a 40-year fixed-rate mortgage.
The
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