Annual house prices in England and Wales fell by 8 per cent in September to prices last seen in autumn 2006, according to the latest figures from Land Registry.
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UK house prices fell for the 12th consecutive month during October and are now nearly 15% lower than a year ago, according to the latest research from the Nationwide.
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Net mortgage lending by building societies increased to £314 million in September, from -£37 million in August, but was still 47% lower than the figure for September last year, the Building Societies Association (BSA) has said.
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Alliance & Leicester is launching a new range of mortgages, with all fixed rate products to be reduced by between 0.20% and 0.30% compared to products on it’s previous portfolio.
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In June, the UK property industry received its fourth Housing Minister since the start of 2008 - the ninth person to hold the position in twelve years of Labour Government.
