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Economic uncertainty and a lack of mortgage lending led to the sluggish housing market, the Royal Institution of Chartered Surveyors (Rics) said.Fourteen homes were sold per UK estate agent in the three months to August – the lowest total for more than two years, a survey has found. More surveyors reported price falls than price [...] The number of mortgages lent in July was still much lower than a year ago, figures from the Council of Mortgage Lenders show.The number of new loans to house buyers was 48,400 in July, up 1,000 from June but still 6,900 lower than a year ago. The number of first-time buyers, at 18,200, fell back by [...] Mortgage lending jumped in June- allbeit from a very low level, the Council of Mortgage Lenders (CML) has said.The total number of new home loans to house buyers rose by 22% from May, to 46,700. And those specifically to first time buyers reached a 10 month high, up 24% from May to 18,100. Although the level of [...] Interest rates on new mortgage deals have fallen to their lowest level for 23 years since 1988, according to new research. This has been due to the expectation that the Bank of England is unlikely to raise its bank rate above [...] The consumer group Which? has accused banks and building societies of raising interest rates on homeowners who have standard variable rate mortgages. More than 40% of mortgage borrowers are now on standard variable rates- which generally start after cheap introductory mortgage deals [...] Mortgage advances to people buying a home jumped by 8% during April but lending levels remained down on a year earlier new figures show. The interest rates charged on fixed rate mortgages fell to a record low during May as lenders passed on reductions in their own funding costs to borrowers. Interest [...] The number of mortgages approved for house purchases hit a new low in April Bank of England official figures show.At just 45,166, the number of new approvals was the lowest April figure since the Bank’s records began in 1992. Analysts said the data may have been affected by the number of public holidays in April. However, the [...] Mortgage lending fell back in April due to seasonal factors the Council of Mortgage Lenders (CML) has found. The figures point to the continued stagnation of the property market, with few sales and prices [...] Mortgage interest rates have been held at a record low for 25 months now- should you fix your rate or stick on a variable rate? Millions of homeowners will be [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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