Irish residential mortgage lending was at its slowest level for five and a half years in July.
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Mortgage approvals for house purchases were stronger than expected according to new figures from the Bank Of England.
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House prices in the UK have risen more rapidly than every country in the eurozone except Spain over the past five years, according to new research by Halifax.
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Research by Bank of Ireland, reveal that both first time buyers and those trading up remain confident of purchasing their dream home despite concerns surrounding Ireland’s property market.
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The average value of mortgages taken out by first-time buyers has nearly tripled during the past 10 years.
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The buy-to-let sector is providing housing market stability, as landlords are able to raise rents to absorb interest rate increases.
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The financial turmoil experienced by the markets poses a risk to the UK house market, however it’s unlikely to hit in the short term, Nationwide has said.
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House prices in England and Wales increased by 0.1 per cent in July - the lowest rate of growth since June 2006.
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Woolwich is launching two new products to appeal to both ends of the market, including a first time buyer mortgage fixed for two years at 6.29 per cent with no higher lending charge up to 95 per cent of the purchase price.
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Nationwide Building Society has completed its take over of the Portman Building Society - nearly a year after it announced the deal.
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Member of the National Association of Estate Agents (NAEA) have reported that the current market is levelling out; however there are still signs of uncertainty.
