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House prices fell 0.7% in October, says Nationwide
House prices dropped in October compared with the previous month as the property market saw an autumn fall, according to the Nationwide. The building society said that prices were down 0.7% compared with September, with the average home now costin (...)
Interest rates and quantitative easing held
The Bank of England left monetary policy unchanged today after evidence that the economic recovery is stronger than expected. Its monetary policy committee kept interest rates at 0.5%, a level they have been at since March 2009, and also maintaine (...)
Halifax house prices point to a cooling market
in Britain have fallen 1.2% in the past three months, the Halifax reported today, adding to fears that the UK housing market is cooling. The mortgage lender's latest monthly report painted a mixed picture, with the average price of a home rising 1 (...)
Mortgage equity increases by £6.2bn, says Bank of England
Homeowners are repaying their mortgages at the fastest rate since the first quarter of last year, with borrowers reducing their outstanding mortgage debt by £6.2bn during the three months to the end of June. It was the ninth consecutive quarter (...)