29 August 2008 Archive
Councils 'to buy repossessed homes'
Local councils could be given the power to take over repossessed and unsold homes, ministers are expected to announce next week. |
London house prices down
London property prices fell for the fourth consecutive month in August, taking annual growth into negative territory for the first time in five years. |
Bradford & Bingley posts 'disappointing' loss
Bradford & Bingley (B&B) has presented "disappointing" financial results for the first half of the year following a turbulent period for the bank. |
Bank Blanchflower calls for big rate cuts
The UK economy needs interest rate cuts, a member of the Bank of England's monetary policy committee (MPC) said today. |
Official house price figures show first falls
House price growth in the UK has fallen into the red for the first time, according to the latest figures from the Land Registry. |
Fixed-rate mortgage costs deals fall across the board
A host of mortgage lenders have announced they are to cut the cost of fixed-rate mortgage borrowing, offering some respite to borrowers. |
Northern Rock job losses confirmed
Northern Rock is losing a third of its staff as the bank's workforce falls from 6,000 to 4,000. |
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