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House prices fall continued in July according to the latest monthly report from the Halifax. The lender said prices fell another 1.7% last month, taking the annual rate of decline down from 6.1% to 8.8%. The Halifax calculates that the average house in the UK is now worth...

According to the BoE, mortgage approvals have dived by almost 70% in the past year contributing to the perceived mortgage misery. Just 36,000 new loans arranged for people moving home during June – that is 69% fewer than in the same month last year and 12% lower than...

Retailers are facing tough conditions on the High Street with inflation. Rising food and fuel costs pushed UK inflation up-to an 11-year high of 3.8% in June from 3.3% in May. The rise means inflation is now well above the government’s 2% target, and may reduce the chance...

The average arrangement fee charged by 3 year base rate tracker mortgages has increased by 121%. In terms of rate increases the most significant cost of mortgages has occurred in the two year fixed rate market were the average rate charged has increased from 5.42% eighteen months...

A panel of economists has delivered a worrying prediction about the future of UK house prices? A survey of the Society of Business Economists (SBE) members conducted by ITV1’s Tonight programme found that 60 per cent of economists do not expect prices to recover to the...

A recent New Statesman article entitled ‘Crash: The housing crisis is just beginning’ contained the following alarming facts about a potential housing crash and the UK mortgage market: – 250,000 UK households in negative equity – 50% fall in net mortgage...

More than 23,200 people who took out 100% mortgages in the year to 31 March could face negative equity. Falling house prices mean the amount borrowed could be greater than the value of their properties. The data from the Council of Mortgage Lenders comes as figures show the...

Attended the Nottingham property networking club last night at the Holiday Inn. Property guru David Lee moved into the property industry in 2001 and used his professional training to develop new methods of property investment strategies that were unheard of in the UK at the time....