UK housing slump continues November 29, 2010 MORTGAGE approvals reached an eight-month low in October, according to official data released yesterday. The Bank of England’s lending figures showed that only 47,185 mortgages were approved. A healthy UK housing market would record closer to 80,000 mortgages per month. The news pours more misery on the housing market, after recent figures showed a similar [...]
October’s mortgage approvals lowest since Feb November 29, 2010 THE number of mortgage approvals in Britain fell to its lowest in eight months in October, but mortgage lending rose twice as fast as expected, according to official data released today. The Bank of England said mortgage approvals numbered 47,185 in October, down from 47,369 in September. This is the lowest level since February 2010, [...]
Housebuyers hit by fewest mortgage loans for 19 months November 23, 2010 MORTGAGE approvals hit a 19-month low in October, according to figures released yesterday by the British Bankers’ Association (BBA). The number of mortgages fell for the fifth consecutive month, sinking to 30,766 – the lowest since March 2009, down from 31,058 in September. Lending for house-buyers is now half the level of before the crisis. [...]
London boosts Winkworth November 22, 2010 LONDON estate agent Winkworth expects to beat its 2010 profit targets after growing revenues 20 per cent in the first nine months of the year, it announced yesterday. Its third quarter trading update said it saw “further strong performance” in the three months to September, despite relatively low transaction volumes and a weaker pricing environment. [...]
Mortgage lending slumps November 18, 2010 Gross mortgage lending last month was the lowest October total since 2000, according to figures released yesterday. The Council of Mortgage Lenders estimated that lending was down nine per cent, from £13.6bn in October 2009 to £12.4bn last month. The figures coincided with fresh Bank of England data on the level of mortgage lending by [...]
Asking prices cut in bid to draw buyers November 14, 2010 SELLERS slashed their asking prices in November by 3.2 per cent, the biggest monthly fall since December 2007, as they try to attract bargain-hunting buyers. This is the fourth monthly fall in the past five months and takes the annual change to just 1.3 per cent, down from 2.9 per cent in October. Greater London [...]
House prices to surge in 2014 if Bank of England intervenes November 9, 2010 HOUSE prices are set to rise by only 2.2 per cent next year as they are squeezed by falling disposable income and higher unemployment as a result of public sector cuts introduced by last month’s comprehensive spending review, a report will say today. The latest forecast from leading economic consultancy the Centre for Economics and [...]
Market cools as property prices tumble November 4, 2010 AVERAGE property prices have fallen 1.2 per cent in the last three months, according to the latest Halifax house price index. The closely watched index from the Lloyds Banking Group-owned lender showed house prices rose 1.8 per cent in October which helped to partially reverse the 3.7 per cent decline from the previous month. But [...]
Mortgage aprrovals lowest since February October 29, 2010 Mortgage approvals came in slightly better than expected in September, but still fell to the lowest since February, Bank of England figures showed. The Bank of England said mortgage approvals numbered 47,474 in September, down from 47,498 in August. Analysts had forecast a reading of 46,000, and the equivalent measure from the British Bankers’ Association [...]
House prices fall for third consecutive month October 28, 2010 House prices fell for the third month in four in October, figures from Nationwide have shown. The average price of a property fell 0.7 per cent this month after a flat reading in September. That was almost twice the drop economists had expected and meant the three-month on three-month rate of decline accelerated to 1.5 [...]