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Fixed-rate mortgages at highest rate in a decade

The cost of the average fixed-rate mortgage has hit its highest level for 10 years as lenders pass on rapidly rising borrowing costs.
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Home equity loans hit US banks

US banks are facing the prospect of further losses as home equity loan defaults in the States continue to mount up.
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Scottish government to invest £1.5bn on affordable housing

The Scottish government has pledged to spend £1.5bn constructing 21,500 affordable homes nationwide, over the next three years, as part of its Affordable Housing Investment Programme.
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Property shares tumble after house price fall predictions

The markets are continuing to punish housebuilders for poor performance, as share prices plummeted following Nationwide’s stark revelations earlier today of a 4.4% annual drop in house prices across the UK.
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Nationwide lending falls by almost half 2007 levels

Nationwide, the UK’s largest building society, has dropped its mortgage lending by 40%.
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Mortgage market eases

There have been encouraging signs in the mortgage market over the past week, as numerous banks began to relax their lending criteria.
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