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London Property Watch.co.uk

Property News

Aug 28: Hundreds of families face home repossessions every day (source: Telegraph)
More than 400 families a day are facing home repossession as the number of those unable to pay their mortgage reaches a 15-year high.
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Aug 28: Traders price in rate cut to head off UK recession (source: Telegraph)
The majority of financial experts are now betting that the Bank of England will have to cut interest rates in the near future as it tries to avoid the onset of a deep recession in the UK.
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Aug 28: House prices 'fall 10.5% in year' (source: BBC)
UK house prices are down 10.5% on a year ago, the first annual double-digit fall since 1990, the Nationwide says.
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Aug 28: House prices fall by more than ten per cent (source: Telegraph)
House prices are falling at their fastest rate for nearly 20 years new figures show.
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Aug 28: Struggling homeowners should sell equity to avoid repossession s (source: Telegraph)
Homeowners struggling to pay their mortgages should be able to sell part of the equity in their homes to avoid repossession the Liberal Democrats have said.
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Aug 28: House prices falling at fastest rate in nearly 20 years (source: Telegraph)
House prices are falling at their fastest rate in nearly 20 years new figures show after drop of 10.5pc in the last year.
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Aug 28: House prices suffer double-digit fall (source: Guardian)
Prices fall by 1.9% in August and 10.5% over the past 12 months, says Nationwide
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Aug 28: Management shake-up at Fannie Mae (source: BBC)
The US mortgage giant announces a shake-up of top executives in an attempt to restore confidence.
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Aug 28: Alliance & Leicester cuts some mortgage rates as hint of competi (source: Telegraph)
Alliance & Leicester has cut the rates on some of its most popular home loans - signalling that competition may be creeping back into the mortgage market.
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Aug 28: Fannie Mae executive team axed to restore confidence (source: Telegraph)
The head of America's largest mortgage finance house has restructured his senior team in an attempt to restore investor confidence amid continued speculation that it is on the verge of being nationalised by the US Treasury.
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Aug 27: Hot or cold? (source: BBC)
What house prices are doing in Scotland
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Aug 27: Call for housing market 'rescue' (source: BBC)
A mortgage rescue scheme and councils buying unused land feature in a Liberal Democrat plan to revive the housing market.
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Aug 27: Call for housing market 'rescue' (source: BBC)
A mortgage rescue scheme and local authorities buying unused land feature in a Liberal Democrat plan to revive the housing market.
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Aug 26: Bovis calls on Government to help solve mortgage misery (source: Telegraph)
Housebuilder Bovis has called on the Government to step up its attempts to support the housing market in a bid to ease the misery being felt in the sector.
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Aug 26: Case-Shiller data suggests worst may be over for American housin (source: Telegraph)
The American housing market may slowly be turning the corner after 18 months of gloom, with test data showing that the rate of monthly house price declines slowed markedly in June.
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Aug 26: UK mortgage lending 'levels off' (source: BBC)
Mortgage lending by major banks flattened out in July but the amount borrowed for day-to-day spending slowed, figures show.
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Aug 26: US house prices 'see record fall' (source: BBC)
US house prices were down a record 15.4% in the April and June quarter compared with a year ago, a report says.
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Aug 26: Mortgage approvals tumble as consumers shun debt (source: Telegraph)
The economic downturn has seen a dramatic reduction in the number of mortgages approved as consumers show an increasing reluctance to take out loans and a determination to tackle their credit card debt.
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Aug 26: Mortgage approvals hold near record low in July (source: Reuters)
LONDON (Reuters) - Mortgage approvals for house purchases remained near a record low in July and the British Bankers' Association said there was no sign yet of a property market recovery.
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Aug 26: Buy-to-let mortgage demand falls (source: BBC)
Buy-to-let investors have been hit by the mortgage squeeze alongside other homeowners, new figures suggest.
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