Nationwide siad that house prices rose again in August by 1.6%, taking the average UK house price to £160,224, up from £158,871 in July. This marks the fourth consecutive month of house price increases and the lender says the year-on-year decline has slowed significantly from 6.2% in July to 2.7% in August. At £160,000, [...]

  The Council of Mortgage Lenders (CML) said that gross mortgage lending rose 26% in July to £16bn. The lending figure has jumped from £12.7bn in June but represents a 36% decline from the £24.9bn recorded in July last year. The CML says the figures point to a modest improvement over the summer following "an [...]