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The Bank of England kept interest rates on hold last week, however despite unprecedented low interest rates the housing market is still subdued, hampered by tight mortgage lending criteria and nervousness about job security.
Falling Bank Base Rate
8 October 2008: 4.5%
6 November 2008: 3.0%
4 December 2008: 2.0%
8 January 2009: 1.5%
5 February 2009: 1.0%
5 March 2009: ...
The Bank of England kept interest rates on hold last week, however despite unprecedented low interest rates the housing market is still subdued, hampered by tight mortgage lending criteria and nervousness about job security.
Falling Bank Base Rate
8 October 2008: 4.5%
6 November 2008: 3.0%
4 December 2008: 2.0%
8 January 2009: 1.5%
5 February 2009: 1.0%
5 March 2009: ...
January 14th, 2012
The first week of the New Year brings further evidence that the UK housing market is stagnating not helped by tight mortgage lending criteria, which looks set to get worse if the latest Bank of England report is correct.
It could be worse though, you could own a property in Dublin, according to one survey the Irish capital has seen property ...
January 7th, 2012
House prices have fallen for two consecutive months for the first time since February 2009, according to the Nationwide building society.
Prices fell by 0.9 per cent in August and 0.5 per cent in July with the average house price now standing at £166,500.
September 3rd, 2010
