Mortgages News

October 2008

• Buy-to-let lenders withdraw products

  06.10.2008

  Landlords are running out of options
• Interest rates reduced by central banks

  08.10.2008

  Six central banks cut interest rates by 0.5%
• House prices drop further in September

  09.10.2008

  Property prices have dropped for eight consecutive months say Halifax
• Abbey increases mortgage rates

  10.10.2008

  0.5% rise will cancel out base rate cut
• Reduction in mortgages available for new borrowers

  14.10.2008

  Mortgage availability drops by two thirds
• Interest rate cut will not be passed onto Rock customers

  14.10.2008

  Nationalised bank cuts its mortgage rates by just 0.15%
• Over 1m homeowners use credit card cash for bills

  15.10.2008

  Homeowners struggle to pay mortgage and energy bills
• Mortgage lending drops to record low in August

  15.10.2008

  £10bn less lending in August 2008 than in August 2007
• Reduction in mortgages rates from Nationwide

  17.10.2008

  Lender cuts SVR by 0.3%
• 42% annual drop in mortgage lending

  21.10.2008

  Lending at its lowest level in over three-and-a-half years
• 53% decrease in UK house sales

  21.10.2008

  Housing market in ?its sharpest slowdown for many years?
• Unanimous vote in Bank rate decision

  22.10.2008

  9-0 vote to make 0.5% cut to UK interest rates
• 57% annual drop in mortgage approvals

  23.10.2008

  BBA releases September's mortgage approval figures
• Mortgage approvals see slight increase

  29.10.2008

  Number of home loans approved rises for first time in a year
• Record drop in September house prices

  29.10.2008

  Average property now costs ?168,814
• 15% annual drop in house prices

  30.10.2008

  House price drops continued in October
• Talks of another cut to UK interest rates

  31.10.2008

  US central bank cuts rates to halt drop into recession

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