Mortgages

The average asking price for UK properties increased 4.9% in May from a year earlier representing the smallest annual increase since 1996, according to new housing figures.

The Ombudsman for Estate Agents (OEA) has urged the current redress scheme to apply to all agents.

A new report indicates nine out of ten first time property buyers are struggling to purchase their desired property.

Total number of houses sold in both England and Wales nosedived by 35% compared with last year, according to figures from the Land Registry.

UK house prices increased by 2.1% between February and March, indicates the latest report from the Office of the Deputy Prime Minister.

Property search services provider Propertyfinder.com says its April survey of househunters reveals a sharp drop in confidence on the basis deflation will hit the market in the coming 12 months.

UK house prices remained unchanged in April, leaving annualised inflation at 7.8% and the average house price at £163,615, according to the latest monthly Halifax index figures.

An FSA investigation has revealed there is less unauthorised mortgage business being done than anticipated but a second study is being conducted as the FSA is uncertain how many network members have correct authorisation.

A survey of building society chief executives suggests there is a high degree of optimism in the industry regarding future challenges and the requirement for Treating Customers Fairly.

The third Marlborough Stirling mortgage benchmark study has so far attracted 14 lenders to assess the impact of M-Day regulation.