Mortgage & Housing round up: House prices rise amid fears of another housing ‘bubble’

Housing & mortgage round up_istockphotoJust as the market is recovering from the last housing ‘bubble’ being burst another is being predicted. We’ve pulled together this and the rest of the week’s housing and mortgage news, including a rise in mortgage lending, plus news that borrowers in the north of the UK are more likely to be in negative equity or have arrears and a look at the rising cost of renting. Mortgage arrears and negative equity worse in ...

Investors braced for another rocky day after Italy is downgraded

European stock markets are likely to open lower this morning and can expect a day of volatile trading after news that Italian debt was downgraded late last night by ratings agency Standard & Poor’s. It is not just European markets that are likely to be affected. Markets in the US are likely to open lower too and Asia has already closed lower, as fears grow about the level of European debt and the ability of governments to steer a safe course through the crisis. In the UK the FTSE 100 fell yesterday by just over 2%, principally because of continuing worries about ...