Live updates

House prices reach new high

Housing prices reached a high in August Credit: ITV Yorkshire

The property market is showing signs of recovery with House prices reaching a new high in August, according to the Office of National Statistics.

A 0.5% month-on-month uplift took the average price across the UK to £247,000.

Prices were 3.8% higher year on year, with England recording the strongest annual growth at 4.1%, followed by 1.1% in Northern Ireland and 1.0% in Wales, while Scotland saw prices fall by 0.7% over the year typically.

The housing market is expected to see the heat of demand from would-be buyers turned up further over the coming months, following the launch of the Government's new Help to Buy scheme, which offers state-backed mortgages to people with deposits as low as 5%.

Royal Bank of Scotland (RBS), NatWest, Halifax and Bank of Scotland started offering loans under the initiative last week and have reported strong interest so far, while more lenders including HSBC, Barclays and Santander have also confirmed their plans to come on board.

To build or not to build?

A public inquiry to decide the fate of land earmarked for 180 new homes in West Yorkshire has started this morning.

A government inspector is heading the meeting which will decide if land at Derry Hill in Menston, will be granted village green status. If given, it would block any developments on the greenbelt site. A final decision is expected at the end of this week.

Campaigner Steven Ellams has been speaking to Calendar.

Advertisement

Hope for village against house building

The Government is looking at whether hundreds of homes should be built in a West Yorkshire village.

Taylor Wimpey and Barratt Homes are planning on building 300 homes in Menston, but now the Department for Communities and Local Government is looking at papers behind the decision.

It could be a lifeline to campaigners who want to stop the developments.