New research from M&S Bank has found that buying with multiple friends or siblings is becoming an increasingly popular option for young, aspiring homeowners. Around 60% of those aged 18-35 said they would consider taking out a mortgage as a group to make home ownership a reality, compared to 26% of people aged over 36.
Living by the sea is an ambition for many, and new research by Bank of Scotland has revealed that it may not be as unaffordable as some might think.
The average house price in the UK stood at £224,439 over the three months May, according to the latest House Price Index from Halifax. This is 1.9% higher than in the same period last year. On a monthly basis, prices rose by 1.5% in May, which has partially reversed the 3.1% monthly decline experienced in April.
Average house prices across the UK fell by 0.2% in March compared to the previous month, according to the latest House Price Index. On an annual basis however, average prices have risen by 4.2%, taking the average value of a property in the UK to £224,144.