House prices 6.1% lower than last year says Halifax
House prices are now 6.1% lower than last year, according to Halifax’s house price index.
Barratt agrees new debt deal and sheds 1,200 staff
Barratt Developments has reached a new deal with its funders giving it longer to pay off £400 million of its total £1.7 billion debt, and is to make 1,200 staf…
Bank of England holds rates at 5.0%
Interest rates have been held at 5.0% as the Bank of England’s monetary policy committe (MPC) works to balance inflationary pressures with the major downturn i…
Prince\'s Foundation joins ecotowns drive
The Prince\'s Foundation for the Built Environment is to give design guidance for a potential ecotown scheme of 5,000 houses near Nottingham.
Redrow reduces capacity and makes 550 redundant
Redrow has moved to reduce its capacity as the continuing impact of the credit crunch has seen its sales volumes during the first six months of the year fall b…
Bovis cuts 40% of workforce as sales fall by 32%
Bovis has announced significant cost cutting measures as its sales volumes have fallen by 32% on last year, with 851 homes sold during the first six months of …
Mortgage lending in May down 44% year-on-year
Latest figures from the Council of Mortgage Lenders (CML) shows that the total value of mortgage funding issued for house purchases in May, £7.6 billion, was d…
Persimmon to shed 1,100 staff as sales fall by 34%
Persimmon\'s trading update for the first six months of the year illustrates the continuing impact of the so-called mortgage famine, as sales are down by 31% a…
Mortgage rates continue to rise – Moneyfacts
Latest research from moneyfacts.co.uk shows that mortgage rates for fixed rate deals are continuing to climb, with two or three year rates now standing at more…
Persimmon expected to announce mass redundancies
Volume housebuilder Persimmon has made around 1,000 of its staff redundant following a two-month consultation with its employees, according to reports.
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