House prices suffer smallest drop in 12 months

28 November 2008
The average house price fell by just 0.4% in November, according to the Nationwide House Price Index.... read more »

10% rise in mortgage approvals

27 October 2008
The number of mortgage approvals was up 10% last month – but down almost 57% on last September’s figures.... read more »

2 million to face negative equity by 2010?

28 October 2008
By 2010, two million households could be in negative equity, reports The Times.... read more »

House prices ‘fell 7.3% in a year’

28 October 2008
New figures claim that English and Welsh house prices fell by 7.3% in the year to October, taking prices down to their lowest since March 2006.... read more »

Remortgage: interesting Bank of England figures

1 January 2009

When house prices are falling, finding a remortgage can be difficult. Today, most experts seem to agree that we’re about halfway through a house price slump that’s expected to start turning around once prices have fallen 25-30% from their peak values – and house price trends are a major factor when it comes to remortgage deals.

Lenders don’t want to offer a remortgage that’s worth more than the property might be worth in a year or so, so most of them are only offering remortgage deals to homeowners who owe less (in secured debt) than 60-80% of their home’s value.

Mortgages: house prices continue to fall

5 December 2008
New figures from Halifax show that house prices fell by 2.6% in November, increasing the overall annual fall to 14.9%.... read more »

House prices show 15% annual fall

7 November 2008
House prices fell by 15% in the year to October, according to Halifax, as the UK mortgage market continued to suffer from a lack of demand for and supply of mortgages.... read more »

House prices at 2004 levels

6 January 2009
The latest report from Halifax has shown that house prices are now back at levels last seen in August 2004.... read more »

1.5 million ‘facing mortgage difficulty’

16 January 2009
A consumer group has warned that 1.5 million homeowners with big mortgages could face “disaster” if, as expected, house prices fall by a further 15% this year.... read more »

1.5 million ‘facing mortgage difficulty’

16 January 2009
A consumer group has warned that 1.5 million homeowners with big mortgages could face “disaster” if, as expected, house prices fall by a further 15% this year.... read more »

House prices to fall a further 10%

19 January 2009
A new report has claimed that the average house price in England and Wales fell by 8% over the past year and is likely to fall another 10% before ‘bottoming out’ in the second half of 2009.... read more »

UK officially in recession

26 January 2009
Statistics released by the Office for National Statistics (ONS) today confirmed that the UK is in a recession for the first time since 1991.... read more »

Mortgage news: affordability increasing

2 February 2009
Falling house prices have led to greater affordability, HBOS has reported, supplying figures to back up the claim.... read more »

Mortgages: ‘Up to 1.2 million’ in negative equity

3 February 2009
An expert has claimed that over a million households could now be in negative equity as a result of the recent sharp falls in house prices.... read more »

Halifax: house prices down 2.3% in February

6 March 2009
New figures from mortgage lender Halifax have shown that house prices fell by a further 2.3% in February, compared with January prices.... read more »

Average household wealth `down £45,000 last year`

17 March 2009
A new study has suggested that the average household experienced a £45,000 (17%) fall in wealth in 2008.... read more »

Home loan approvals rise for third month

27 March 2009
New figures from the BBA (British Bankers` Association) have shown that the number of home loan approvals increased for the third consecutive month in February.... read more »

Mortgage news: good and bad

14 April 2009
According to a Bank of England survey, mortgage approvals jumped 20% in February. At 37,937 approvals, it`s the highest figure since May 2008, but many economists believe we`d need to see around 70,000 - 80,000 monthly approvals before the fall in house prices came to an end.... read more »

Low mortgage rates ‘may spur a rebound’ in house sales

6 February 2009
Lower availability of mortgages may have hampered the housing market on both sides of the Atlantic, but reductions in the cost of both mortgages and property could re-ignite interest in buying a home, experts say.... read more »

House price changes `higher than reported`

1 May 2009
A leading mortgage expert has suggested that the seasonally adjusted measure of house prices does not accurately reflect the state of the market.... read more »