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House price changes in the different regions of England and Wales varied sharply in June new figures from Land Registry show.There was a 2.8% rise in prices in Wales from May to June, but a 2.1% fall in the same period in the north-east of England, the data showed. But, on average prices were unchanged, with [...] Mortgage lending picked up in June but was still lower than a year ago the Council of Mortgage Lenders (CML) say.Total lending to home owners was £12.9 billion last month, up by 16% from May but 3% down on June last year. For the first six months of the year, total mortgage lending was only slightly [...] People trying to sell their homes have dropped their asking prices for the first time this year.The research finds that asking prices dropped by 1.6% this month, or £3,797 on average per property. The sluggish market this year has meant that 70% of homes put up for sale in 2011 have still not found a buyer, [...] The UK housing market is facing “significant headwinds” despite prices rising slightly in June warns to the Halifax.House prices rallied 1.2pc in June on the previous month, Halifax reported, offering a glimmer of hope for the market which has seen prices sliding steadily downwards. The lender, which is now part of nationalised Lloyds Banking Group, said [...] The number of different mortgage products available in the UK market has risen to the highest level since November 2008, figures show.The increased competition has contributed to falls in the interest rates for new mortgage deals, according to Moneyfacts. The financial information service said that availability was rising for those offering a deposit of just 10%. But [...] Homeowners continued to inject equity into their homes at the start of 2011 – but not to the same degree as much of the previous year, figures show.Mortgage borrowers increased their financial stake in properties by £5.8 billion in the first three months of the year. This was lower than the record-breaking £7.1 billion in the [...] Mortgage approvals are still subdued new figures from the Bank of England suggest.Which means that the UK property market is set to remain subdued in the forthcoming months. New mortgages approved for house purchase, but not yet lent, rose to 45,940 in May from 45,447 in April. Despite the slight increase, May’s approval figure was lower than [...] UK house prices kept falling in England and Wales according to the Land Registry. The fall in prices means the average property in England and Wales is now worth £161,823. Only in London [...] The governor of the Bank of England has said that fears of home repossessions are overdone as UK interest rates are set to remain low. UK Homeowners added £5.8 billion into their properties in the first quarter of 2011- marking three years in which they have injected equity, according to the Bank of England.The Bank’s economists think that while some people may be trying to cut debt, the shift to equity injections more likely reflects falling house sales. Households have now [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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