HBOS, Britain’s biggest mortgage lender, piled more misery on the housing market yesterday, with forecasts of a 9% average drop in residential property prices, a 45% slump in house sales and an increase in the volume of people falling into mortgage arrears. The bank had previously expected property prices to plateau this year. More »
The news that housebuilders will soon be required to disclose buyers’ incentives to enable lenders to offer mortgages that reflect the true value of a property has been met with a mixed response from property expert Kate Faulkner. More »
Housebuilders will soon be required to disclose buyers’ incentives to enable lenders to offer mortgages that reflect the true value of a property. More »
UK housing market conditions are set to “get worse before they get better”, according to revised figures released by the Council of Mortgage Lenders (CML). More »
The government’s draft legislative agenda of plans to provide more help for first-time buyers, in particular the widening of access to shared equity schemes, has been welcomed by the Council of Mortgage Lenders (CML). More »
The number of court orders for repossessions within England and Wales in Q1 2008 rose by 9% compared to the final quarter of last year, and 17% higher than over the same period in 2007, according to figures released by The Ministry of Justice (MoJ). More »
The Council of Mortgage Lenders (CML) has called on the European Commission to shelve its White Paper proposals on the integration of EU mortgage markets. More »
