Gross mortgage lending by building societies was £1,976 million in June 2009, compared to £3,254 million in June 2008.
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The National Landlords Association (NLA), has said landlords calling its Advice Line are questioning the need for energy performance certificates (EPC) as tenants are ignoring the information they contain.
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A market tracking sideways and a north/south split are all in evidence as we head towards the summer months, Hometrack has said.
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House prices may end the year higher than they were at the start of 2009, Nationwide has said adding that such outcome was “unthinkable” a few months ago.
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Tentative signs of a recovery in the house market may be showing following new figures from the Bank of England reporting a rise in the number of mortgages approved for house purchases during June.
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The latest figures from Land Registry report a modest improvement in the monthly change in house prices in England and Wales, with the first month on month rise since January 2008.
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Labour’s Housing Minister John Healey, has announced that development projects stalled in the current economic climate could benefit from a share of £925m.
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