{"id":308588,"date":"2025-08-01T06:47:09","date_gmt":"2025-08-01T06:47:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/308588\/"},"modified":"2025-08-01T06:47:09","modified_gmt":"2025-08-01T06:47:09","slug":"uk-house-prices-edge-higher-in-july-nationwide-reports","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/308588\/","title":{"rendered":"UK house prices edge higher in July, Nationwide reports"},"content":{"rendered":"<p>Mark Harris, chief executive of mortgage broker <a href=\"https:\/\/www.mpamag.com\/uk\/companies\/spf-private-clients\/489823\" target=\"_blank\" rel=\"noopener\">SPF Private Clients<\/a>, said lower mortgage rates are supporting the market. \u201cLower mortgage rates, with the expectation of more reductions to come, are giving the market impetus and putting borrowers in a stronger position when it comes to negotiating their property purchase,\u201d he said.<\/p>\n<p>\u201cThis, in turn, is keeping prices in check. With the markets expecting a <a href=\"https:\/\/www.mpamag.com\/uk\/news\/general\/markets-expect-bank-of-england-to-cut-base-rate-in-august\/541119\" target=\"_blank\" rel=\"noopener\">further rate reduction next week<\/a>, we could be in for a busy autumn. Lenders continue to trim their mortgage rates, while easing of mortgage lending rules should also enable borrowers to take on bigger mortgages in coming months.\u201d<\/p>\n<p>Verona Frankish, chief executive of estate agency\u00a0Yopa, said July brought positive momentum for the market. \u201cRecent improvements in mortgage market affordability, including the move to increase income lending multiples and the decision to <a href=\"https:\/\/www.mpamag.com\/uk\/news\/general\/uk-launches-permanent-mortgage-guarantee-scheme\/542621\" target=\"_blank\" rel=\"noopener\">launch a permanent Mortgage Guarantee Scheme<\/a>, should help ensure that buyer activity remains consistent and house prices continue to strengthen,\u201d she pointed out.<\/p>\n<p>\u201cHowever, it\u2019s important to remember that the homebuying process remains challenging for many, and while market sentiment is positive, sellers must remain realistic when pricing for current market conditions if they wish to secure a sale.\u201d<\/p>\n<p>Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox \u2013 subscribe to our <a href=\"https:\/\/www.mpamag.com\/uk\/newsletter\" rel=\"noreferrer noopener\" target=\"_blank\">FREE daily newsletter<\/a>. You can also follow us on <a href=\"https:\/\/www.facebook.com\/MortgageIntroducer\" rel=\"noreferrer noopener\" target=\"_blank\">Facebook<\/a>, <a href=\"https:\/\/twitter.com\/MortgageChat\" rel=\"noreferrer noopener\" target=\"_blank\">X (formerly Twitter)<\/a>, and <a href=\"https:\/\/www.linkedin.com\/company\/mortgage-introducer\" rel=\"noreferrer noopener\" target=\"_blank\">LinkedIn<\/a>.<\/p>\n<p>                            <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Mark Harris, chief executive of mortgage broker SPF Private Clients, said lower mortgage rates are supporting the market.&hellip;\n","protected":false},"author":2,"featured_media":308589,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,1269,40990,2441,1005,16,15],"class_list":{"0":"post-308588","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-house-prices","10":"tag-house-price-index","11":"tag-markets","12":"tag-nationwide","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114952171946766648","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/308588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=308588"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/308588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/308589"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=308588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=308588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=308588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}