Archive for October, 2009

Mortgages Up 30% Year on Year

October 13, 2009subedar1 No Comments »

  The Council of mortgage Lenders (CML) said, "The number of mortgages granted rose to 52,700, 29 percent more than in August 2008." It’s a sign the property market is stabilizing and today’s report adds to evidence that Britain is emerging from its worst recession in a generation. The number of people remortgaging their homes […]

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Bank Base Rate Held At 0.5%

October 8, 2009subedar1 No Comments »

  The Bank of England held rates at 0.5% and to continue with its £175bn quantitative easing programme. Optimistically, Roger Bootle of Capital Economics predicted that rates would stay at this level for 5 years. The house buyers preferred choice at the moment is for tracker mortgages anticipating that rates will stay low for some […]

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Purchases 9 Remortgages 1

October 7, 2009subedar1 No Comments »

  House purchase loans outnumbered remortgage loans by 9 to 1 reported Spicerhaart Financial Services. The upward trend of house purchase loans is an extremely encouraging sign that the property market is beginning to pick up.

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House Prices Rose in September

October 5, 2009subedar1 No Comments »

The Nationwide’s house prices survey reveals that property prices rose for the fifth month in a row in September. In the last three months, prices are up 3.8% but house prices remain 13.5% lower than their peak in October 2007. The average price of a home in the UK now back to the same level […]

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