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Economic uncertainty makes the future of the UK mortgage market “difficult to call”, a mortgage lenders’ group has said.Paul Smee, director general of the Council of Mortgage Lenders (CML), said the market for home loans was currently stable. The number of mortgages taken out for house purchases was 48,200 in September, down 2% from the month [...] Mortgage interest rates could start to rise again as a result of the turmoil in the eurozone brokers are warning.Some lenders, including Woolwich, Halifax and Santander, have pushed up their tracker rates for new borrowers. This increase follows a rise in the rate at which banks lend to each other – Libor – which has been [...] UK house prices rose by 1.2% in October compared with September, but have fallen over the last year according to the Halifax.The lender, part of nationalised Lloyds Banking Group, said that values had fallen by 1.8% compared with a year ago. It said that the housing market had remained “highly resilient” despite weakness and a deteriorating [...] 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 [...] Mortgage lending is still subdued according to the latest figures from the Council of Mortgage Lenders (CML).Total lending stood at £12.9 billion in September, which was 2% lower than in August but 4% up on September last year. But over the third quarter of the year total lending was 15% higher than in the second quarter, [...] 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 [...] House prices continued to “tread water” in September – rising by 0.1% compared with the previous month the mortgage lender Nationwide said.This left the average price of a home 0.3% lower than a year earlier, at £166,256, the building society said. Prices for the three months to September compared with the previous quarter were unchanged. Market turmoil [...] 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 [...] 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 [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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