Banks and building societies ramped up mortgage lending over the summer in a sign that efforts to boost the flow of credit are having an impact.
The Bank of England said overall availability of secured credit to households increased significantly in the quarter to September, in contrast to previous expectations...
Virgin Money will repay the UK taxpayer an extra £538 million in relation to their purchase of Northern Rock.
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Debt is very much like quicksand – easy to stumble into and once you are in it, very difficult to get out again. In fact the more you struggle, the more you start to sink.
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The squeeze on availability of interest-only mortgages has continued with a major lender withdrawing its entire range of products.
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House prices have fallen year-on-year for the 15th month in a row, official figures showed today.
Prices dropped by 0.6% both annually and on a monthly basis in March, pushing the average house price in England and Wales to £160,372, the Land Registry said.
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Three major mortgage lenders have launched new products as part of the Government-backed scheme designed to boost demand for newly built homes.
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House prices in the UK edged up by 0.6% in February, against a backdrop of increased mortgage lending.
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UK house sales decline
House prices are down 2.6% last year, taking the average price of a property in England and Wales to £162,109, new figures today revealed.
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House Prices in UK
(RTTNews) – House prices in the U.K. declined for a fourth consecutive month in August, while weak consumer sentiment is likely to weigh on demand for the rest of the year, property data firm Hometrack said Monday.
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Mates Mortgages
Clubbing together with friends to buy a house could become a mainstream alternative to years of saving, the Housing Minister has suggested.
Grant Shapps says he wants to see more banks and building societies offering ‘mates mortgages’ to groups of young people who can’t...
