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House prices are “lacking genuine direction”, according to the Halifax, as it reported a 0.5% fall in values in September compared with August.Prices were down 2.3% from a year ago, leaving the average home in the UK worth £161,132, the lender said. It said there had been a mixed pattern of monthly changes in prices, but [...] 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 [...] House prices fell slightly in August with values expected to stay the same or drift modesty lower for the rest of 2011 Nationwide says.The building society said that property prices were 0.6% lower in August than in July, and 0.4% down on the same month a year ago. The typical home now costs £165,914, the lender [...] House prices have gone up for the third month in a row according to the Halifax mortgage lender.Its latest monthly survey says they rose in July by just 0.3%, leaving them 2.6% lower than a year ago at £163,981. The lender explained that over the last three months prices had been 0.5% higher than 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 [...] 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 [...] The UK housing market is still lacklustred according to the latest monthly survey from the Nationwide building society. In the past six months prices they have found that house prices have fallen by [...] Nationwide has announced that it had a strong year despite a smaller savings and home loan markets.Britain’s biggest building society, Nationwide, has said it had a “strong” financial year despite a backdrop of a smaller mortgage and savings market. Although pre-tax profits fell 7% to £317 million, this was largely due to accounting changes, and underlying [...] Banks are asking consumers for their views on new payment technologies that will replace cheques by the end of the decade. The consultation will also cover mobile payments, tipped to be the main replacement for [...] The Yorkshire Building Society has announced it is to merge with the Norwich and Peterborough Building Society. The Norwich and Peterborough (N&P) brand and its 46 branches will be retained for at least two years. Yorkshire Building Society confirmed there would be no [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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