mortgages

Takeup of mortgage equity withdrawal dropped by more than £1.5bn in the first three months this year, making it the biggest fall in 16 years, suggest latest figures by the Bank of England.

A warning from Bank of England governor Mervyn King last month suggesting house prices might fall has slashed consumer confidence in the housing market, says Nationwide Building Society.

Many industry experts believe the UK property market will be mirroring the Australian one as they share many similar traits, the Royal Institution of Chartered Surveyors says.

Nearly half of parents who believe their children want to become homeowners say they are willing to lend them a ‘financial hand', says the Joseph Rowntree Foundation.

Property developers should not only take into account affordability when planning project, but also consider what age group they are building for, says the Royal Institute of Chartered Surveyors.

Britain's bursting property market finally seems to have cooled down after latest findings by Halifax suggest house prices in June rose by the slowest pace in seven months.

Increasing interest rates do not seem to have deterred people from borrowing more as new findings from the Bank of England suggest total debt in the UK almost hit the £1 trillion mark in May.

Another indication of the pricking of Britain's house price bubble has been published today in the form of Nationwide's latest index figures suggesting price rises in June slowed by nearly half on the previous month.

Mortgage Express has launched a new initiative which will enable mortgage intermediaries to get their hands on a mortgage offer as soon as it becomes available.

The UK property boom seems to have reached its peak as house price rises in June slowed for the third month in a row, according to a survey by Hometrack.