Tag: council of mortgage lenders

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U.K. House Price Estimate Reaches Two-Year High

U.K. house prices increased to the highest in more than two years in November as the market showed signs of reaching a peak,  in an estimate released today. The average price of a home in England and Wales climbed for a seventh month, gaining 0.2 percent to 224,758 pounds ($354,200), the groups said in an [...]

December 10, 2010 | 0 Comments More

Mortgage lending falls

The value of home loans granted by banks and building societies fell by 58 per cent in the year to May as homeowners shunned re-mortgaging deals. Gross mortgage lending totalled an estimated £10.3 billion in May, down 2 per cent compared to £10.5 billion in April and down 58 per cent from May 2008, according [...]

June 19, 2009 | 0 Comments More

House Prices Rising

House prices could begin rising again by the end of this year, ending a slump that will have wiped more than £50,000 off the average property value. Experts from Lloyds group, which owns 30 per cent of the mortgage market, and the brokers, John Charcol, believe the clouds covering the property market will begin to [...]

May 11, 2009 | 0 Comments More