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Lending hits three-year low, no signs of another rate cut in immediate future
LONDON - UK mortgage lending hit a three-year low in July even as loan approvals soared to a new high, according to official figures released today.
Posted on : Tue, 30 Aug 2005 19:05 GMT

Report predicts easier times for first time homebuyers by 2025
LONDON - A report commissioned by the Woolwich says that first-time homebuyers will have it easy in the property market by 2025 despite house prices soaring to unprecedented levels.
Posted on : Fri, 26 Aug 2005 19:40 GMT

Firms urge homebuyers to take out mortgages before it is too late
LONDON - Homebuyers in the UK have been urged not to hope for lower fixed-rate deals, as the surging inflation would not allow such a scenario. This news has now come as a surprise since lenders were falling over themselves to offer good rates just a fortnight ago.
Posted on : Sun, 21 Aug 2005 15:25 GMT

FSA mystery shopping expedition finds lenders are flaunting rules
LONDON - The Financial Services Authority has said that the mortgage lenders and brokers are breaking rules by not informing homebuyers about the new regulations on disclosure.
Posted on : Mon, 15 Aug 2005 13:05 GMT

John Prescott says buying a home in Britain is too costly
LONDON - The Deputy Prime Minister, John Prescott has come down heavily on the cost of buying houses in Britain and said that unless people were already on the real estate market, they would find it tough to buy a decent house in the country. He was speaking on the occasion of announcing the nine winners who had won the right to submit designs to build his £60,000 homes.
Posted on : Wed, 10 Aug 2005 14:05 GMT

Annual house price inflation is pegged at 5 percent: ODPM
LONDON - The Office for the Deputy Prime Minister today released figures for the month of June, which show that the annual house price inflation has slowed down to 5 percent as compared to the inflation in May, which stood at 6 percent.
Posted on : Mon, 08 Aug 2005 16:50 GMT

Leeds & Holbeck announces new mortgage plans
Leeds & Holbeck Building Society has announced that it will be instituting a new mortgage plan range that includes the three and five-year fixed rate mortgage plans.
Posted on : Thu, 04 Aug 2005 08:25 GMT

House price inflation stays at lowest rung in nine years
The property market seems to be crawling at an extremely slow pace, what with the rise in house prices in the previous month being the lowest since the past nine years.
Posted on : Sat, 30 Jul 2005 17:35 GMT

Northern Rock rolls high albeit low lying housing market
In stark contrast to the decelerating property market, Northern Rock, the Newcastle-based bank that is the country’s listed seventh-largest bank in terms of assets, reported considerably heartening results in the first-half of the year.
Posted on : Sat, 30 Jul 2005 08:20 GMT

Scottish town tops property boom town list
The Bank of Scotland house price index (HPI) has revealed that the house prices in Scotland have boomed by 12.5 percent over the last year. This rise is well above the UK national average of 3.7 percent.
Posted on : Sat, 23 Jul 2005 18:15 GMT

 

 

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