Mortgage lending drops to ‘disappointing level’ as buyer interest falls away
Nationwide this morning reported the biggest monthly drop in house prices since July 2012. The lender said that the average house price is currently standing at £214,745 this month, down 0.5% from £217,010 in July. The fall brought annual house price inflation down to 2%, and Nationwide said it expects house prices to finish this […]
Could environmental risk define future mortgage lending?
Mortgage lending mainly revolves around the risk associated with the borrower but what about the property – not just the bricks and mortar but the land it is built on and the air the occupants breathe? Should lenders be paying more attention to environmental risk? Robin Wells, head of sales & marketing at Future Climate […]
Finding solutions to the UK’s housing crisis
Larry Elliott suggests five steps to fix the housing market (Britain’s broken housing market – and how to fix it, 9 October) which include Kate Barker’s idea of “acquiring” large sites abutting urban areas at a modest premium to their existing use. That would effectively part-nationalise development value and might help supply, although the Tories wouldn’t […]