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Household budgets could be squeezed for the next 10 years as the impact of tax rises and cuts is felt, the Institute for Fiscal Studies (IFS) has warned.Its survey suggests families have seen the biggest fall in living standards in 30 years in the last financial year. It warned those on lowest incomes were likely to [...] The number of mortgage deals available has returned to the level of early 2008, before the banking crisis reached its peak.Of the 2,557 mortgage types on offer, 64% require at least a 20% deposit and only 2% need a deposit of 5% or less. Mortgage rationing in the past few years has led to home sales [...] 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 [...] 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 [...] 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 governor of the Bank of England has said that fears of home repossessions are overdone as UK interest rates are set to remain low. 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 average house price rose in the 10 most prosperous areas by 219% Homeowners in the 10 areas with highest growth rates in [...] 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 [...] 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 [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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