House price stagnation to continue, says Nationwide

Nicholas Ayre, of UK buying agents Home Fusion, said: “Interest rates and mortgages are key. If the Bank [of England] rate remains at its current level, and if lenders do not go back into their shells, 2012 could see house prices continue to stagnate rather than collapse. That is probably the best we can hope for.

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The top mistakes buyers make and how to avoid them

Your mortgage lender’s survey is only a basic assessment to confirm the property valuation, it won’t flag up structural problems, says Nicholas Ayre, director of UK buying agent Home Fusion. “If the house was built in the last 30 years, you should commission a homebuyer’s report, which costs around £450. For older properties, consider having a full structural survey, which will cost around £700.”

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