More evidence today of a cooling in the annual rate of UK house price growth. According to the Nationwide Building Society, the annual rate of house price growth was 4.7 per cent in May, down from 4.9 per cent in April and 5.7 per cent in March.
However, in May alone, house prices rose by 0.2 per cent, the same as the previous month. Unsurprisingly, Britain’s biggest building society attributed much of the changes to the surge in house-buying in March ahead of new rules for stamp duty in April. Nationwide chief economist Robert Gardner said: ‘House purchase activity is likely to fall in the months ahead, given the number of purchasers that brought forward transactions.’ Broadband price hike Money Mail reports that customers on BT’s basic broadband deal will be hit with a 33 per cent price hike after one year. BT’s standard package is currently advertised at £13 a month, with a price rise scheduled for July 3 taking the monthly cost to £15.According to Money Mail, hidden in the terms and conditions it says that after a year the price will rise even further to £20 a month. On
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