13 May 2008 Archive

Nationwide cuts interest on its fixed rate products

Nationwide to cut interest rates on its fixed rate products later this week

Nationwide is to cut the rates on its two and five-year fixed rate mortgage deals later this week.

Housing minister in house price gaffe

Caroline Flint now believes house prices will fall by between five and 10 per cent this year at best

The housing minister, Caroline Flint, has been caught in a terrible gaffe which revealed her true concerns about the state of the UK property.

No improvement in mortgage lending says CML

mortgage lending no better says CML

Improvements in mortgage lending conditions will take time to pass onto borrowers despite the recent efforts made by the Bank of England to ease the effects of the credit crunch the Coucil of Mortgage Lenders has warned.

Housing market confidence falls further

Property: Suveyors see market slowing

A balance of 95.1 per cent of chartered surveyors are reporting house price falls, as buyers steer clear of the market.

Inflation rockets up to 3%

Bank of England: Surprise inflation rise puts interest rate cuts in question

UK inflation has shot up to three per cent - standing a full percentage point over the Bank of England's target set by the government.

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