INTEREST RATES ON HOLD!

December 10, 2009

For the ninth consecutive month the Bank of England hold the interest rate at 0.5%

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HOUSE SALES UP!!!

December 7, 2009

It is today reported that the UK s housing market is dispaying signs of real resiliance with Novembers house sales up 66% on November 2008……

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SUPREME COURT RULES IN FAVOUR OF THE BANKS

November 25, 2009

The awaited outcome of the unothorised overdarft bank chargeshas ruled in favour of the baking industry! This will not be good news for approx 8 million customers who have been waitng for the outcome!

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CONSUMER CONFIDENCE U TURN

November 18, 2009

IN A RECENT SURVEY RIGHTMOVE REVEAL THAT 54% OF PEOPLE BELIEVE HOUSE PRICES WILL BE HIGHER IN 12 MONTHS TIME , THIS IS A TURN AROUND FROM THE START OD THE YEAR WHEN 69% PEOPLE THOUGHT THEY WOULD BE LOWER ……….

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THEY KEEP RISING!!

November 10, 2009

Its being reported rises rather than falls in house prices reached a positive reading of 34 in October, up from 20% in September – the highest result since December 2006.

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INTEREST RATTES MAINTAINED @ 0.5%

November 5, 2009

The Bank of England have held the interest rate at the LOW 0.5% , this is the eighth consecutive month! It is also pumping in another huge amount of money £25 BILLION into its quantitative easing programme…

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Average house price up AGAIN!!

November 4, 2009

According to House prices rose for the fourth consecutive month, according to the latest Halifax House Price Index. There was a 1.2% rise recorded on the index in October, which brought the average price of a house from £163,533 in September to £165,528. Low interest rates (and keep lowering), less properties for sale its all [...]

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Mortgage approvals reach an 18 month high

October 29, 2009

Mortgage approvals for house purchases in September rose to their highest level in 18 months, latest figures from the Bank of England revealed.In a further sign of a housing market recovery, loan approvals for house purchase increased to 56,215 from 52,970 in August.

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WOOLWICH CUTS RATES

October 21, 2009

Woolwich is today cutting rates on its fixed rate mortgages by up to 0.5 percentage points, as it launches new two, three, and five year mortgages. This is the fourth rate reduction in two months from Woolwich. Will otherrs follow ?

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Number of house price rises highest since May 2007

October 15, 2009

A lack of supply is still underpinning the house price recovery with 10% more surveyors reporting an increase in house prices than in August, according to RICS UK housing market survey published today Significantly, the headline RICS house price balance recorded the highest figure since the onset of the credit crunch..

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