UK Property News Archive

  • Homebuyer loans drop 50% in a year Guardian 12 Aug. 2008 The number of loans taken out to buy property stood at 47,000 in June, less than half the 98,000 loans taken out in June 2007. Read more
  • ACT BLOG: Property news down by 98% Alex Coxall 11 Aug. 2008 Property journalists were shocked this morning to discover that there was virtually no news to write about. Instead of the usual Monday morning influx of press releases from the major property players, journalists were confronted only by ‘invest abroad’ opportunities in broken English. Read more
  • Water bills set to rise Times 11 Aug. 2008 Water bills in England and Wales are likely to rise by up to 3 per cent a year above inflation for five years in the latest blow to British households' finances. Read more
  • House repossessions rise by 48% Times 8 Aug. 2008 House repossessions soared by 48 per cent to 18,900 in the first six months of 2008 as the credit crunch and stricter lending regimes forced more people into default, particularly at the riskier end of the market. Read more
  • Personal wind turbines all but useless Alex Coxall 8 Aug. 2008 A report by the Carbon Trust has shown that for most homes in the UK household windturbines would be net carbon emmiters. The report also showed that if turbines were to become common features they would provide only a tiny proportion of the UK’s energy needs. Read more
  • Anger as building left empty Argus 8 Aug. 2008 A Grade II listed family house owned by a council has been left empty for 18 months. Read more
  • MPC holds interest rates at 5% Rebecca Neeve 8 Aug. 2008 The Monetary Policy Committee (MPC) announced yesterday that it would be holding interest rates at 5% after a three-way split vote to try and combat the spiralling inflation and the brink of recession that our economy faces. Read more
  • Biggest slump since 1983 Guardian 8 Aug. 2008 Britain's biggest mortgage lender yesterday heightened growing recession fears when it revealed that the year-long credit crunch had wiped £20,000 off the cost of a home in the biggest annual fall in property prices on record. Read more
  • Abbey to drop mortgage rates Alex Coxall 7 Aug. 2008 Abbey has announced another round of cuts in the mortgage interest rates for new borrowers. They will reduce the cost of two and three year fixed and tracker rates by 0.1%, a similar cut as last Friday. Read more
  • First double digit drop Guardian 7 Aug. 2008 House prices fell by almost 11% in the 12 months to July, Halifax said today - thought to be the first double-digit drop since the lender began publishing a monthly survey in the mid-1980s. Read more
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