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US investor Texas Pacific Group is to buy a 20% stake in Bradford & Bingley for ?150 million. It follows a profits warning by the buy-to-let lender, which announced that profits for the year would be down about ?100 million. The move comes as its chief executive, Stephen...

Homeowners refinancing their mortgages are in for a rude awakening as they face the highest fixed rate mortgages since the start of the decade… According to figures compiled by MoneyFacts, the average rate for a two-year loan has hit 6.64% – up from just 4.34% two...

With 150 estate agents offices currently reported to be closing every week, Jonathan Haward, Managing Director of The County Homesearch Company says the face of the high street estate agency will change forever, and in today?s market only the very best will survive…

In the latest survey from the Royal Institution of Chartered Surveyors (RICS), 95.1% of surveyors saw house prices fall than rise in April. That figure is up from 79.4% in March, with all surveyors in East Anglia, and the North and North West of England, reporting price falls....

The Council of Mortgage Lenders said there were 27,100 repossessions, the highest figure since 1999, after people fell behind with repayments. The figure for the UK is more than the 22,400 in 2006, but not as extreme as the CML had forecast. It is still a sharp rise on the 8,500...

With March mortgage approvals down 46.2% on 2007, the UK is certainly feeling the gloomy global economic conditions. Credit crunch effect has quickly become part of our vernacular, but has it entered your home yet? Whether you’re a homeowner, a parent, retired or a student,...

The Bank of England leaves UK rates at 5.0 percent today but analysts say a slowing economy will force it to cut borrowing costs next month, even though inflation is heading higher.

UK house prices have recorded their first annual fall for 12 years (i.e. since year 1996). Prices fell by 1.1% in April, the sixth monthly decline in a row, and were down 1% from the levels seen in April 2007, the building society said. Nationwide said the price falls reflected a...