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House sales and lending levels plummet

The volume of house sales plunged 37% in May, compared with the corresponding month in 2007, mainly due to a lack of mortgage finance, according to stamp duty registration figures from HM Revenue & Customs.
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100% mortgages make a market comeback

A firm of Scottish solicitors has teamed up with the Bank of Ireland to bring back 100% loan-to-value mortgages to the market.
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Posted by
Natalia Gameson
in Bank of Ireland, British Bankers Association, Edinburgh Solicitors’ Property Centre, News on Fri 30 May 2008

Home repossessions could rise 23%

The number of home repossession in the UK could soar this year, economists have warned.
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Posted by
Marc Da-Silva
in Basel Committee on Banking Supervision, British Bankers Association, Centre of Economics and Business Research, John Ward, News on Tue 29 Apr 2008

New homes off menu until market recovers says Persimmon

Persimmon Homes is following Taylor Wimpey into the market’s malaise as the firm reports a 24 per cent drop in sales revenue, with an 18 per cent reduction in its property purchases.
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Posted by
Marc Da-Silva
in Assetz, British Bankers Association, Charles Church, Home Builders Federation (HBF), News, Persimmon Homes, Stuart Law on Thu 24 Apr 2008
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