Data from the Bank of England points towards a cooling UK housing market as figures show mortgage approvals are lowest since July 2013.
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Monthly Archives: October 2014
As property prices in London begin to slow the share price of the capitals best known estate agents falls following a profit warning.
People borrowing equity in their property has reached the highest levels since records began says the Equity Release Council.
Homeowners can expect a considerable slowdown in house price growth with only a 0.6% rise this month based on Halifax data.
Increased competition between lenders has lowered mortgage rates although 8% fewer homeowners have opted for a remortgage.
New powers would allow Bank of England to limit loan-to-value percentages on mortgages to prevent a housing bubble.