Hacked by Loard Mahdi

Read more...

Breaking news from the BBC Paper tax returns to be replaced by digital by 2020

Read more...

Update on Phishing Scams

Read more...

Failure to prevent financial crime could be a new offence

Read more...

April changes to VAT 15/03/12

Read more...

 Contact Us

 
News Items
 
Tax Tips
 
Brilliant with numbers
Great with people
Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals
 
 
Helping Your Business is Our Business

Call us now on 023 8083 6900 ABDS Home

News - 6 June 2014

Housing demand still strong

 According to the UK's largest mortgage lender, demand in the housing market is still strong and house price inflation is still accelerating. The Halifax said prices in May were up 8.7% from a year earlier, a small increase on last month's rate of 8.5%.

 
Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“The monthly rise was an exceptionally large 3.9%, but the Halifax warned that the monthly figure can be volatile, but a more reliable figure is the quarter-on-quarter rise, which showed an increase of 2%.”
 
The report said that the average house price in the UK was now £184,464, the highest figure since October 2007.
 
The Halifax is part of Lloyds Banking Group, which has already announced that it will limit lending on more expensive properties.
 
Both Lloyds and Royal Bank of Scotland have said they will restrict customers to borrowing four times their income on loans of £500,000 or more.
 
It is thought the Bank of England might act to put further controls on property lending, either this month, or in September.
 
If you need any help and advice for your business on the implications of central and local Government Funding initiatives and the construction industry, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help
 
ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900 E-mail: abds@netaccountants.net
 
Brilliant with numbers  
Great with people  
Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals
 
Helping Your Business is Our Business

« Back to News