Mortgages

A stagnating housing market could see residential house prices fall between 0% to 5% through 2005 as the market corrects for high prices relative to earnings.

Six lenders in the non-conforming mortgage market have agreed to jointly support a new module for Trigold's mortgage sourcing system Prospector AAA.

Specialist lender Mortgage Trust says its buy-to-let forecast based on the view of a panel of mortgage intermediaries suggests there are no signs of calamity in the sector.

Another month of house price falls has led Halifax to warn prices could drop an average of 2% in the coming 12-month period, following a 160% increase in prices in the past nine years.

Several financial services providers are calling on the government to reform property tax and cut stamp duty for first-time buyers.

Bradford and Bingley has this morning confirmed the sale of mortgage adviser firm Charcol in a management buyout involving two of its founders.

House prices are predicted to rise by only 2% in 2005, says Nationwide, suggesting a significant slowdown in the housing market is on its way.

Home Information Packs will have to be issued by all sellers or estate agents of UK homes from 2007, after a period of 'voluntary' use begins in summer 2006, the Office of the Deputy Prime Minister has announced.

As many as 18 million homeowners are banking on their property to fund their retirement income, indicates new research.

Abbey for intermediaries has launched an information campaign to help IFAs looking to take advantage of new mortgage and general insurance regulations.