News For October 2008

Mortgage lending 'increased in September'
Net mortgage lending by British building societies increased in September to £314 million, according to new research. ... Read more...

House prices 'plummet for 12 months'
House prices have fallen for 12 consecutive months since November last year, according to new research. ... Read more...

Property prices fall for 12 months in a row
Property prices in the UK have fallen for 12 consecutive months, according to new statistics. ... Read more...

Nationwide teams up with Citizens Advice
Britain''s biggest building society has teamed up with the Citizens Advice Bureau (CAB) to provide free financial advice. ... Read more...

'Mortgage approvals to be subdued'
The prospect of recession will subdue any recovery in the mortgage market, it has been claimed. ... Read more...

Repossession stats 'sensationalised'
The rise in the number of people struggling with their mortgage repayments who have had their properties repossessed is being sensationalised by the media, it has been claimed. ... Read more...

UK Lending standards 'more rigorous than in US'
Mortgage lending in the UK is of a much higher standard than in the US, according to the Intermediary Mortgages Lenders Association (IMLA). ... Read more...

House prices drop 8%
House prices have dropped by eight per cent in the past year, according to the Land Registry. ... Read more...

SVR rates maintained at Skipton
Standard variable rates (SVR) at Skipton Building Society will be maintained at 6.45 per cent. ... Read more...

Coventry to cut mortgage rates
Coventry Building Society is set to cut its Privilege mortgage rate on November 1st. ... Read more...

Bank under pressure to make rate cut
The Bank of England has come under pressure from a leading economist to make an emergency base rate cut, it has been reported. ... Read more...

House prices to drop by a quarter
House prices are set to plummet by as much as a quarter, according to new research by the Centre for Economics and Business Research (CEBR). ... Read more...

Abbey: repossession is a last resort
Mortgage lender Abbey has said it has always used repossession as a last resort. ... Read more...

Rise in first-time buyers 'positive'
The number of first-time buyers entering the market has started to rise, according to the National Association of Estate Agents (NAEA). ... Read more...

Protection for homeowners welcomed
Government protection for homeowners facing repossession has been welcomed by the National Association of Estate Agents (NAEA). ... Read more...

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