The UK's Trusted Loan Finders Call us FREE on 0800 458 5587 |
 |
NewsJuly 17th July 17th July 13th July 13th July 11th July 5th 2007 |
News - House Prices are starting to flatten offJuly 19th 2007 House Prices are starting to flatten off say major UK lenders Halifax and Nationwide although the Halifax has raised its annual house price increase forecast up by 2% to 6% due to strong activity in the first half of the year. Despite an overall shortage of housing which is maintaining upward pressure on prices, there are early signs that the series of base rate rises - most recently to 5.75% - are beginning to put the brakes on demand. However according to data from the Council of Mortgage Lenders, mortgage lending reached a new all-time record of £34.2 billion in June - an increase of almost £3 billion over May - this increase is partly seasonal as spring and summer are traditionally popular times for moving house. More NewsBank of England Review Base rateBrown promises three million more affordable housesGetting a Loan when you have a bad history 'more difficult' say LendersInterest rates rise to 5.75 per cent |
Information on this site must not be construed as legal or financial advice on specific matters. All information is a public resource of general information, which is intended be accurate, complete and up to date but is not guaranteed to be so. Your use of information on the Web Site or materials linked from the Web Site is at your own risk - full terms. Copyright Loansite.co.uk Ltd 2007