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The number of new mortgages approved for home buyers, but not yet lent, fell in September for the first time in five months.The Bank of England said approvals for home buyers were 50,967 in September, down 1,380 or 3% from August. The figures suggest that this year’s modest revival in sales has ended and that mortgage [...] The Bank of England’s Monetary Policy Committee (MPC) was unanimous in voting for another £75 billion of quantitative easing (QE) to support the weak UK economy.Minutes from the MPC’s meeting earlier show members considered injecting between £50 billion and £100 billion. The committee cited a sharp deterioration in the international outlook as a key factor. The vote [...] House prices in England and Wales continue to stagnate, according to the latest figures from the Land Registry.Average prices fell by 0.3% in August to £162,347, leaving them 2.6% lower than a year ago. It was the third fall in the past four months and means the annual rate of house price decline has changed little [...] UK interest rates have been kept at a record low of 0.5% by the Bank of England’s Monetary Policy Committee (MPC).Economists had expected interest rates would remain unchanged due to the subdued economy. GDP figures for the second quarter showed growth of 0.2% with a majority of economists expecting mortgage interest rates to remain unchanged [...] 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 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 [...] 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 [...] UK interest rates have been kept at the record low of 0.5% again by the Bank of England’s Monetary Policy Committee. This is despite the [...] 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 [...] UK homeowners paid off more of their mortgage borrowings last year than they had done in any other single year official Bank of England figures show. They returned £7 billion in the final three months of the year, [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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