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Whether you are moving house or buying your first home at The Mortgage Advice Service we have a mortgage to suit you.
You can choose from a number of different mortgage schemes designed to fit in with your own personal circumstances.
Factors that affect the price of a house:
The following are the items that are used to describe the characteristics of a property.
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There is no set order that these contribute most to the price of the house, although UK location, the type of neighbourhood and house size are consistently the three most important followed by the design of the house.
- UK Location, i.e. part of country
- Type of neighbourhood. The Nationwide index uses an established
- demographic system that classifies areas in the UK into 56 categories based on the type of people that live there, two examples include retirement and council areas.
- Floor size
- Property design (detached house, semi-detached house, terraced house, bungalow, flat, etc.)
- Tenure (freehold/leasehold/feudal) except for flats, which are nearly all leasehold
- Number of bathrooms (1 or more than 1)
- Type of central heating (full, part or none)
- Type of garage (single garage, double garage or none)
- Number of bedrooms (1,2,3,4 or more than 4)
- Whether property is new or not
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Seasonal Adjustment:
House prices are slightly seasonal - that is, prices are higher at certain times of year irrespective of the overall trend. This tends to be in spring and summer, when more buyers are in the market and hence sellers do not need to discount prices so heavily, in order to achieve a sale. The effect on prices over the year is of the order of +/- 2%.
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(Your home may be repossessed if you do not keep up repayments on your mortgage). |
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Mortgage Advice Service - House Purchases 
