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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 [...] 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 [...] 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 [...] Low interest rates have kept the level of UK mortgage arrears and home repossessions steady according to the Council of Mortgage Lenders (CML).A total of 9,000 homes were repossessed in the second quarter of the year – 100 fewer than in the previous three months, the CML said. The CML has predicted that a total of [...] House prices are stabilising, according to the latest monthly report from the Nationwide building society.Prices across the UK rose by 0.2% in July, to £168,731, leaving them just 0.4% lower than a year ago. The society said demand for homes was still sluggish, and a gradual rise in the supply of available houses was keeping prices [...] Mortgage lending picked up in June but was still lower than a year ago the Council of Mortgage Lenders (CML) say.Total lending to home owners was £12.9 billion last month, up by 16% from May but 3% down on June last year. For the first six months of the year, total mortgage lending was only slightly [...] 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 [...] 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. 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 [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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