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House prices are rising at fastest rate in three years

Posted on 08 February 2013

House prices are increasing at their fastest rate since early 2010, fuelled by the Government’s £80billion attempt to kick-start the economy, the Halifax said. The Funding For Lending Scheme has been failing to get money to its key target – cash-strapped small businesses – but it is managing to cut interest rates on mortgages and make them more easily available.
For homeowners, a rise in prices is a cause for celebration, but it is another blow for first-time buyers trying to get on to the property ladder………………………………………..Full Article: Source


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