Mortgages
Middle Britain's house prices 'to drop by £40,000'
18th July 2008
Households in middle Britain are set to see the value of their properties drop by an average of £40,000 over the next six months, new research suggests.The downturn in the housing and mortgage markets will see house prices fall by as much as 18.3 per cent for those with household incomes ... read more »
First-time buyers 'need £20,000' to get on ladder
16th July 2008
The average first-time buyer will need £19,780 to fund a property purchase this year, new figures suggest.In many instances, parents will bear the brunt of the cost, according to the research from The Children's Mutual.Given the absence of 100 per cent mortgages, first-time buyers will need to ... read more »
Low consumer confidence reported
9th July 2008
More than half of people believe the economy will be in a worse position in six months' time, a new survey suggests.However, in what may be seen as a boost to downbeat mortgage and housing markets, the number of people who think now would be a good time to make a large purchase such as a house ... read more »
Gross mortgage lending 'down in May'
8th July 2008
Gross mortgage lending was down six per cent in May on the previous month, according to the latest figures.The value of gross lending in May was £24.5 billion, which is 22 per cent lower than the same month last year, data from the Council of Mortgage Lenders (CML) suggests.However, it reports ... read more »
Homeowners 'optimistic' on long-term house prices
8th July 2008
No homeowners believe house prices will continue to decline for more than 12 months, according to a survey.However, 28 per cent of estate agents expect further house price falls for one to two years, research from the Abbey suggests.In what may be a sign of some confidence in a recovery for the ... read more »