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 House market refuses to slow down

Nationwide has said that house prices are refusing to cool down with prices jumping by 1.4% in November causing the annual rate of growth to 9.6%, up from 8.0% last month.
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 Four in ten homeowners caught in IHT trap

According to research from Scottish Widows, over five million households (21%) in Great Britain are now valued at more than the current Inheritance Tax (IHT) threshold of 285,000 pounds.
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 100% mortgage range from Portman

Portman Building Society is making a number of changes to its 100% mortgage range – all the changes have been available from Saturday 25 November 2006.
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 Plans for more affordable homes

Housing Minister Yvette Cooper has set out reforms to the planning system which will help local authorities deliver more and better homes – including more affordable and family homes.
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 Interest rates temper buy-to-let market

The lettings market rose at the slowest pace since Q2 2005 especially with flats as buy-to-let investors express caution as profit margins drop thanks to rising interest rates.
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 Mortgage Approvals at highest since 2003


The Bank of England has said that mortgage lending and mortgage approvals are at their highest level since 2003.
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 An ECB Rate of 3.75% in 2007

The Bank of Ireland’s Chief Economist, Dr Dan McLaughlin, has announced that in light of bank lending in the eurozone (which has yet to slow), he is changing his forecast for ECB rates and expects the repo rate to rise from 3.5% in December to 3.75% in March 2007.
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