Latest Property News

• Mortgage rates rise to beat the Bank of England
  

  Published 03rd Mar 2009

  Woolwich, which is owned by Barclays, has raised the cost of its mortgages pegged to the Bank of England base rate ahead of an expected cut in the base rates this Thursday

• Northern Rock mortgage arrears soar 394%
  

  Published 03rd Mar 2009

  Northern Rock, the nationalised bank, today revealed an 394 per cent increase in the number of its customers falling behind on their mortgage repayments by more than three months

• Mortgage lending plummets 60% in January
  

  Published 02nd Mar 2009

  Mortgage lending slumped by 60% in January with the net value of new loans falling to just £690m, figures from the Bank of England showed today

• House prices continue decline
  

  Published 02nd Mar 2009

  House prices continued to fall in February, according to the Hometrack monthly housing survey published today

• Borrowers left in cold by bailout
  

  Published 01st Mar 2009

  Huge swathes of borrowers at government-backed banks have plunged into negative equity and will not be helped by the banks’ commitment to lend more in return for a £600 billion bailout

• Berkeley to raise £50m to buy land
  

  Published 01st Mar 2009

  Berkeley Group will raise £50m from investors to help build up a £300m war chest to buy land at knockdown prices as cash-hungry housebuilders withdraw from the market or become insolvent

• Rightmove sees fifth of estate agents fail
  

  Published 01st Mar 2009

  More than a fifth of estate agencies went out of business last year, according to Rightmove, the property website