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15.09.25 - 14:36
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UK House Prices Fall In September: Rightmove (AFX)
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LONDON (dpa-AFX) - UK house prices dropped in September after several months of muted growth as competitive pricing became more vital in the south, the property website Rightmove said Monday.Avera......
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09.09.25 - 12:48
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′Shock′ in store for 350,000 UK households on low-interest fixed-rate mortgages (The Guardian)
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Those on typical £200,000 mortgages taken out between October 2020 and February 2023 may see costs jump by £3,996 a year this winterMore than 350,000 households who locked in to low-interest fixed-rate mortgages five years ago are expected to see their costs jump this winter as they reach the end of their deals.Analysis by the bill management app Nous found almost half of mortgages taken out between October 2020 – as the housing market revived after an initial Covid shock – and February 2023 were five-year fixed-rate deals. Continue reading......
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08.09.25 - 17:12
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UK banks face lawsuits over mortgages that left people with huge debts (The Guardian)
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Group actions against Barclays and Bank of Scotland over products that left some people owing up to 20 times the sum they borrowedTwo of Britain's biggest banks face being sued over “unfair” mortgages that have left some people owing up to 20 times the sum they originally borrowed.The law firm Teacher Stern is bringing group actions against Barclays and Bank of Scotland in an attempt, it said, to win justice for two new groups of claimants comprising current and former customers and their next of kin. Continue reading......
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05.09.25 - 08:54
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ONS crisis deepens as it admits retail sales data issue; UK house prices ′at record′ high – business live (The Guardian)
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Office for National Statistics says it miscalculated seasonally adjusted retail sales dataUK house prices have hit a new record high, lender Halifax has reported this morning.Halifax's house price index shows that prices rose by 0.3% in August, the third monthly rise in a row.“The story of the housing market in 2025 has been one of stability. Since January, prices have risen by less than £600, underlining how steady the market has been despite wider economic pressures.Affordability remains a challenge, but there are signs of improvement. Interest rates have been on a gradual downward path for nearly two years, and many of the most competitive fixed-rate mortgage deals now offer rates below 4%. Continue reading......
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01.09.25 - 14:36
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UK Mortgage Approvals Rise To 6-Month High (AFX)
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LONDON (dpa-AFX) - UK mortgage approvals increased to the highest in six months in July but secured lending decreased to a two month low, official data showed Monday.Mortgage approvals for house p......
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01.09.25 - 10:06
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UK house prices in surprise fall amid high mortgage costs (The Guardian)
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Average price for a home drops by 0.1% to £271,079 in August compared with July, according to NationwideBusiness live – latest updatesUK house prices unexpectedly fell in August as high mortgage costs dampened activity.The average price for a home dropped by 0.1% to £271,079 last month compared with July, according to the Nationwide. Economists had expected a rise of 0.2%, according to a poll by Reuters. Continue reading......
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