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Wednesday 10th of March 2010

News Tag: fell

March 10, 2010

Two and five-year fixed rates trimmed back

by Gill Montia
”Two
The average cost of a two-year fixed-rate mortgage fell to a six-and-a-half-year low during February, according to new figures from the Bank of England. The average rate stood to 3.88%, down from 3.97% a month earlier to a level last seen in July 2003. Five-year fixed-rates also eased last month, declining to an average 5.49%, down from 5.56% in January, and despite ...



March 4, 2010

House prices down 1.5% in February

by Gill Montia
”House
UK house prices fell by 1.5% in February when compared to January, according to Halifax. The lender's monthly index registered its first decline since June 2009, following seven consecutive monthly increases. However, at £166,587, the average price of a UK home came in 8% above the market trough of April 2009, and up 4.5% on an annual basis. In a three-month-on-three-month comparison, ...



June 22, 2009

Asking prices slide 0.4% in June

by Gill Montia
”Asking
Rightmove has reported that the average asking price of homes in England and Wales fell 0.4% in the five weeks to 13th June. The decline follows a 2.4% rise in the same period to 9th May, equating to a jump of £5,000 in a typical vendor's ambitions. According to the property website, the average asking price now stands at 226,436, down 5.5% ...



January 27, 2009

UK equity release market shrinks by 9%

by Gill Montia
UK equity release market shrinks by 9%
Safe Home Income Plans (SHIP), the body that represents 90% of UK equity release providers, has reported that lending fell by 9% in value and 4% in volume in 2008. New equity release plans for the year totalled almost £1.096 billion, in terms of value. SHIP points out that the decrease is far less than that seen in the mainstream mortgage market, ...



May 29, 2008

House prices fall 2.5% in May

by Gill Montia
House prices fall 2.5% in May
Nationwide recorded a 2.5% fall in UK house prices in May, the biggest monthly decline since the building society began keeping records, in 1991. According to the lender, house prices have now fallen for the seventh consecutive month (the longest consecutive period of decline since 1992) taking property values 4.4% below May 2007 levels. Earlier this week, the National Association of Estate Agents ...