Archive for April, 2008
UK and London Property Prices Fall
April 30 (Bloomberg) — U.K. house prices fell in April from a year earlier, the first annual decline since 1996, after the credit squeeze dried up finance for property purchases, Nationwide Building Society said. The price of an average home dropped 1 percent to 178,555 pounds ($352,000), said Britain’s fourth-biggest mortgage lender. Its index is [...]
Sub Prime Effect in UK Property
The extent of sub-prime lending in Britain could be a lot worse than is commonly assumed because a large number of homeowners have more than one loan secured on their property, according to the property research group UKValuation. As a result, true loan-to-value (LTV) ratios are often higher than is usually thought, which, in turn, [...]
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