Nationwide Building Society reports that house prices fell again in April, this time by 1.1%.
This adds up to a 1% fall on average prices from April 2007 - the average price for a house in England is now £178,555 down by £1,759.
The Building Society blamed a weakening market impacted by affordability issues - hundreds of [...]

UK Finance News
Entries Tagged as 'Property Market'
April house price fall adds up to 1% for the year
James Stafford - Thursday 01.05.08, 05:51am
Tags: Property Market · UK economy · UK interst rates
Neither a borrower nor a lender be
James Stafford - Tuesday 22.04.08, 05:47am
So noted Shakespeare when he wrote Hamlet back in 1603. So why then 405 years later all the fuss and why the second credit collapse in 25 years?
Much press has been given to irresponsible lending, lax regulation and the role of central banks at home and abroad, yet little comment has focused on the activity of [...]
Tags: Banking · Property Market · UK economy
Northern Rock sticks to existing rates
James Stafford - Thursday 17.04.08, 05:52am
So far Northern Rock has not managed to pass on the Bank of England’s quarter
per cent base rate cut to variable rate customers - those on 7.59%.
Whilst the emperor’s clothes of interest rates have become apparent to the wider public - that banks base their borrowing on LIBOR, not the BoE base rate - and [...]
Tags: Banking · City news · Property Market · UK economy · UK interst rates
Nationwide set to hike fees and fixed interest rates
James Stafford - Friday 11.04.08, 05:33am
Proving that lenders who rely on the markets for funding don’t actually react to Bank of England interest rate cuts, the Nationwide was last night set to raise it fees and fixed rates.
As well as capping mortgages at £1m, fees for their 5-year product will rise by up to £200 to nearly £700 with a rate [...]
Tags: Banking · Property Market · UK interst rates
First Direct Says No To New Mortgages
John Williams - Wednesday 02.04.08, 15:15pm
First Direct have become the latest bank to close it’s doors to new mortgage customers. The bank will no longer offer mortgages to anyone other than existing customers, following an increase in applications for its home loans as other lenders raise their rates.
Several other lenders including Nat West and Scottish Widows raised their rates yesterday [...]
Tags: Property Market · UK economy






