{"componentChunkName":"component---src-templates-post-js","path":"/house-price-rises-confirmed/","result":{"data":{"ghostPost":{"id":"Ghost__Post__611e1a7e6e4273003be1e213","title":"House price rises confirmed","slug":"house-price-rises-confirmed","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/08/511.png","excerpt":"Plus: Cheaper mortgage rates for first-time buyers, UK doubles aid to Afghanistan.","custom_excerpt":"Plus: Cheaper mortgage rates for first-time buyers, UK doubles aid to Afghanistan.","created_at_pretty":"19 August, 2021","published_at_pretty":"19 August, 2021","updated_at_pretty":"19 August, 2021","created_at":"2021-08-19T08:46:54.000+00:00","published_at":"2021-08-19T08:50:54.000+00:00","updated_at":"2021-08-19T08:50:54.000+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":"House price rises\nIt’s official: the last 12 months have seen the fastest house prices rise since\n2004\n[https://www.reuters.com/world/uk/uk-house-prices-rise-fastest-rate-since-2004-ons-2021-08-18/]\n. The Office for National Statistics has released its numbers, which show prices\nin June 2021 were 13.2% higher than last year. The north west saw the biggest\nincreases, with an 18.6% jump in prices. Even in London, which saw the least\ngrowth, prices still went up 6.3%.\n\nCheaper mortgage rates\nLenders have started offering cheaper deals\n[https://www.telegraph.co.uk/personal-banking/mortgages/first-time-buyer-lending-finally-opens-thanks-mortgage-rates/]\n* to customers with smaller deposits, according to Moneyfacts. The average\n2-year fixed deal for a buyer with a 10% deposit dropped by 0.14% in August. The\nbiggest savings for buyers with a 5% deposit came from Nationwide, which cut its\n2-year fixed rate by 0.15% and its 5-year fixed rate by 0.2%.\n\nAid for Afghanistan\nThe UK has pledged to double its aid\n[https://www.reuters.com/world/uk/uk-will-double-humanitarian-aid-afghanistan-286-million-pounds-this-year-2021-08-18/] \nto Afghanistan to £286 million this year. That’s just under the £292 million we\nsent in 2019. It’s also set to welcome 5,000 Afghan refugees this year, as part\nof a 5-year settlement program for 20,000 people fleeing the Taliban.","html":"

House price rises

It’s official: the last 12 months have seen the fastest house prices rise since 2004. The Office for National Statistics has released its numbers, which show prices in June 2021 were 13.2% higher than last year. The north west saw the biggest increases, with an 18.6% jump in prices. Even in London, which saw the least growth, prices still went up 6.3%.

Cheaper mortgage rates

Lenders have started offering cheaper deals* to customers with smaller deposits, according to Moneyfacts. The average 2-year fixed deal for a buyer with a 10% deposit dropped by 0.14% in August. The biggest savings for buyers with a 5% deposit came from Nationwide, which cut its 2-year fixed rate by 0.15% and its 5-year fixed rate by 0.2%.

Aid for Afghanistan

The UK has pledged to double its aid to Afghanistan to £286 million this year. That’s just under the £292 million we sent in 2019. It’s also set to welcome 5,000 Afghan refugees this year, as part of a 5-year settlement program for 20,000 people fleeing the Taliban.

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