(Reuters) – House prices unexpectedly fell for the second month in a row in January, due to the prospect of greater unemployment and buyers’ problems finding large enough mortgage deposits, data from lender Nationwide showed on Wednesday. Nationwide said that house prices dropped by a seasonally adjusted 0.2 percent last month after a similar decline [...]
House prices are set to remain relatively unchanged throughout the course of 2012, according to the latest market predictions by Halifax. The bank suggests the steady market conditions which have seen house prices and house sales stabilise in 2011 are likely to continue into next year. However, it seems much is set to depend on [...]
Panic is once again sweeping through stock exchanges across the world, with the FTSE 100, the Dow Jones and the Asian markets all taking a pounding. Here we look at what it all means to you, and what you can do about it. Pensions The closure of final salary pensions and the shift to ones [...]
House prices fell by 1.2pc in August, wiping more than £2,000 off the cost of the average home, according to the latest housing data from the Halifax. This ends a three-month run of modest rises, but on an annual basis the cost of the average home has slipped by 2.6pc over the past year. This [...]
Inflation can reduce the spending power of your money but there are ways to reduce its most corrosive effects. With inflation running far ahead of the Bank of England target, most savers are finding that their money is worth less by the day. But there are steps that savers can take to avoid what has [...]
According to official monthly data, published by the Bank of England, the average rate offered on a two-year fixed rate mortgage to those home owners with a 25 per cent deposit, was 3.36 per cent, during June. This was down from 3.51 per cent the month before and 3.67 per cent a year ago and [...]
House prices are to edge lower at the beginning of 2011 after falling 2 per cent this year, estate agents have warned. The Royal Institution of Chartered Surveyors said the overall outlook for the housing market in 2011 is likely to be the same as this year, with much resting on the economic outlook and [...]
The house price gains seen at the beginning of this year have been totally wiped out, figures by Nationwide have revealed. Britain’s biggest building society said the average price of a home dropped 0.3 per cent in November, the equivalent of almost £1,000 in a month. It brings the average price of a home to [...]
Britain is stuck in a ‘mortgage famine’ as latest figures show the number of loans approved for those buying a new home fell to a 16-month low. A total of just 31, 767 mortgages for house purchases were approved in August, the lowest level since April last year, according to the British Bankers’ Association It [...]
More than one million home owners on an interest-only deal face a sharp price rise when their current deal expires. Banks and building societies are increasingly nervous about offering these deals to borrowers, ahead of new lending rules, designed to curb excessive lending. Coventry Building Society has become the latest mortgage lender to stop offering [...]
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