Resources
Principal content
UK house prices continue to rise
Over a quarter of Chartered Surveyors reported more rises than falls in house prices, up from 20 per cent in September, and the highest since December 2006.
House price revival helps lift retail sales
Hopes of recovery among consumers received a boost after retail sales surged last month, helped by half-term holidays and Halloween, while house prices rose at their fastest rate since 2006
UK commercial property values surge
A rapid recovery in commercial property values from the deepest slump on record to near bubble-like conditions could see the sector turn positive this year
Affordable home building starts to fall 34%
Building will start on a third fewer social homes next year, in a sign of wider restraints on government spending. The news comes as the country’s property quango reveals that the value of its development assets fell £1.1bn in the housing crash
House price rebound seen to end next year
Savills, a leading estate agent, forecasts an end to the UK housing recovery this year because of the lingering effects of the crisis-hit economy
Mortgage lenders ease deposit restrictions
Banks and building societies are starting to accept higher loan to value arrangements, but interest rates on these loans remain high
Northern Rock accelerates mortgage lending
The state-owned bank loaned £1bn for new mortgages in the three months to the end of September but said the housing market remained ‘subdued’
Rock split to increase competition
A deal struck this week to restructure Northern Rock, the nationalised mortgage lender, has been hailed as good news for savers but offers mixed news for borrowers
FSA fines mortgage lender GMAC £2.8m
The specialist home loan provider is the first to be fined by the Financial Services Authority for levying unfair charges on borrowers in arrears
City bonuses count for less at private banks
Bonuses may be back in the City and on Wall Street, but private banks are disregarding them as income, causing some wealthy homebuyers to seek better mortgage deals on the high street.












