{"componentChunkName":"component---src-templates-post-js","path":"/house-price-divide-revealed/","result":{"data":{"ghostPost":{"id":"Ghost__Post__6065760c5f52a1003b1db729","title":"House price divide revealed","slug":"house-price-divide-revealed","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/04/416.png","excerpt":"Plus: National living wage increases, £5bn restart grants released, Unity Mutual fixes 1.5% rate until April 2022.","custom_excerpt":"Plus: National living wage increases, £5bn restart grants released, Unity Mutual fixes 1.5% rate until April 2022.","created_at_pretty":"01 April, 2021","published_at_pretty":"01 April, 2021","updated_at_pretty":"01 April, 2021","created_at":"2021-04-01T07:28:12.000+00:00","published_at":"2021-04-01T07:30:53.000+00:00","updated_at":"2021-04-01T07:30:53.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get all the money news plus expert adviser views.\n\nNorth west growing fastest\nThe north-south divide in the property market has been turned on its head, with\nhouse prices growing fastest in the north west. London is the worst performer.\nOverall, prices slipped 0.2% in March\n[https://www.theguardian.com/business/2021/mar/31/london-worst-performing-region-uk-house-prices-fall]\n, according to mortgage lender Nationwide. It reckons the slowdown was driven by\na fall in demand ahead of the original end of the stamp duty holiday, which\nwould have been yesterday.\n\nPay rise\nThe national living wage goes up today, delivering a pay bump to 2 million\npeople, including 23 and 24 year olds for the first time. It has risen 2.2% to\n£8.91 an hour [about:blank], a pay rise worth £345 a year for a full-time\nworker. The voluntary Real Living Wage also rises to £10.85 an hour in London\nand £9.50 outside the capital, but only a few employers have signed up to pay\nit.\n\n£5bn restart grants\nFrom today, businesses can get up to £18,000 in restart grants\n[https://www.cityam.com/restart-grants-councils-urged-to-release-money-at-pace-as-5bn-fund-launches/] \nto help them reopen after lockdown. Councils have been urged to get the £5\nbillion funding into companies’ pockets as soon as possible. Non-essential\nshops, pubs, restaurants, and gyms will all be eligible for the funding.\n\n1.5% rate renewed\nUnity Mutual has fixed its market-leading Lifetime ISA interest rate at 1.5% for\nanother year, guaranteeing the rate until 5th April 2022\n[https://multiply.ai/blog/1-5-interest-guaranteed-until-april-2022/]. Amid a\nlandscape of low cash returns, other providers such as Moneybox have dropped\ntheir interest rates. Unity Mutual has been offering 1.5% interest on its LISA\nsince April 2019.","html":"

The 1-minute read to get all the money news plus expert adviser views.

North west growing fastest

The north-south divide in the property market has been turned on its head, with house prices growing fastest in the north west. London is the worst performer. Overall, prices slipped 0.2% in March, according to mortgage lender Nationwide. It reckons the slowdown was driven by a fall in demand ahead of the original end of the stamp duty holiday, which would have been yesterday.

Pay rise

The national living wage goes up today, delivering a pay bump to 2 million people, including 23 and 24 year olds for the first time. It has risen 2.2% to £8.91 an hour, a pay rise worth £345 a year for a full-time worker. The voluntary Real Living Wage also rises to £10.85 an hour in London and £9.50 outside the capital, but only a few employers have signed up to pay it.

£5bn restart grants

From today, businesses can get up to £18,000 in restart grants to help them reopen after lockdown. Councils have been urged to get the £5 billion funding into companies’ pockets as soon as possible. Non-essential shops, pubs, restaurants, and gyms will all be eligible for the funding.

1.5% rate renewed

Unity Mutual has fixed its market-leading Lifetime ISA interest rate at 1.5% for another year, guaranteeing the rate until 5th April 2022. Amid a landscape of low cash returns, other providers such as Moneybox have dropped their interest rates. Unity Mutual has been offering 1.5% interest on its LISA since April 2019.

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