News

SMALL RISE IN HOUSE PRICES IN SEPTEMBER

House prices continued to "tread water" in September - rising by 0.1% compared with the previous month, the Nationwide said. This left the average price of a home 0.3% lower than a year earlier, at £166,256, the building society said. Prices for the three months...

MORTGAGE APPROVALS HIT 20 MONTH HIGH

The number of new mortgages approved, but not yet lent, for home buyers in August rose to its highest level since December 2009. The Bank of England said 52,410 mortgages were approved last month. That was nearly three thousand more than in July, and the highest number since...

SUMMER LIFT IN MORTGAGE LENDING

UK mortgage lending rose by 6% in August compared with July, although seasonal factors were key to the rise, lenders have said. Gross mortgage lending stood at £13.4bn in August, a 10% increase compared with the same month a year ago, the Council of Mortgage Lenders (CML...