Mortgage approvals highest in October since March 2004, says BoE
Mortgage approvals reached their highest levels since March 2004, according to the Bank of England, clearly indicating a continuing consolidation of the housing market. The number of home loans rose to 113,000 in October from 108,000 in September, the bank's official data revealed.
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Wed, 30 Nov 2005 08:40 GMT |
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New mortgage products from Leeds Building Society
Leeds Building Society has launched a new mortgage product that offers a straightforward 100 per cent loan to home buyers. It comes with a cashback of 1 per cent of the loan amount and there are no application or completion fees. An added incentive is a free valuation of the property up to 335 pounds.
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Mon, 21 Nov 2005 16:25 GMT |
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Slowing down in mortgage lending in October, says BBA
There has been a slight slowing down in underlying mortgage lending for October, according to the British Bankers' Association. It said the lending rose by 4.3 billion pounds, compared with a downwardly revised 4.7 billion pounds in September and the average figure of 4.4 billion pounds for the past six months.
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Sat, 19 Nov 2005 11:40 GMT |
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CML unhappy with the HIP implementation date
The Government has today announced that compulsory introduction of home information packs (HIPs) will be implemented from June 1 2007. These packs would include documents on the condition of the home and reduce the burden on the buyers who need to carry out surveys now.
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Fri, 18 Nov 2005 16:15 GMT |
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Highland Council halts right-to-buy housing scheme
Sale of council houses will be halted in much of the Highlands for five years in order to ensure supplies of affordable homes in areas under pressure. Some 2,000 tenants will be covered by the ban and the Scottish Executive estimate that it may affect some 570 potential sales.
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Wed, 16 Nov 2005 13:10 GMT |
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FSA finds failings on the part of mortgage brokers
Britain's financial regulator the Financial Services Authority said it has identified significant failings on the part of small mortgage brokers when they advised and sold home loans to borrowers, who have to self-certify their incomes.
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Tue, 15 Nov 2005 11:25 GMT |
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London house prices hit £300,000
LONDON - Data from the Land Registry shows that property prices in London rose 4.5 percent in the year to September to hit an average of £300,329. This is arguably the strongest growth in the house prices in the capital over the last 12 months.
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Tue, 08 Nov 2005 18:15 GMT |
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Interest rates set to be on hold at MPC meeting
LONDON - The Bank of England is all set to keep the borrowing costs unchanged when it meets on Thursday. The strong growth in the services plus the decent showing of the housing markets have made it all but certain that there will be no further rate cuts at least in this calendar year.
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Sun, 06 Nov 2005 19:50 GMT |
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Weaving the £60,000 dream house
LONDON - Barratt Developments Plc, George Wimpey UK and the SIXTYK Consortium have been selected by the government to build the £60,000 homes after their bids won in a competition conducted by the Office of the Deputy Prime Minister.
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Sun, 06 Nov 2005 07:05 GMT |
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