Lenders can sustain a 20% drop in house prices – Moody’s
UK banks and building societies could sustain a 20% fall in UK house prices in a year without further damaging their capital reserves, a report has claimed.
House prices falling but borrowers better off than in ‘90s – Nationwide
House prices fell by 2.5% in May, but borrowers are better placed “to weather the storm” than in the 1990s, according to Nationwide.
Mortgage approvals up but still down from last year – BBA
The number of mortgage deals approved in April rose slightly from March, but the number was significantly down on last April’s statistics, the British Bankers …
Property owners return to rental market - RICS
Property owners are returning to the rental market in the face of housing market turbulence with rental experiencing rising yields, the Royal Institution of Ch…
Wolseley to shed staff following profit fall
Wolseley has announced it will cut jobs in the UK in response to the downturn.
Industry must adapt to market – Sir Bob Kerslake
The industry’s key test during the current downturn will be its ability to adapt to the changing market, Sir Bob Kerslake, chief executive designate of the Hom…
Technical “tsar” needed to speed up planning
A technical “tsar” is needed for the new Homes and Communities Agency (HCA) in order to speed up the planning process, it has been proposed.
HBOS £500 million mortgage-backed bonds sale success
HBOS has managed to sell of £500 million in mortgage-backed securities, signalling a potential thawing of the credit squeeze. The bank found seven institutiona…
Ecotown expert panel meets with developers
A panel of experts from the worlds of design, the environment, transport and sustainability are meeting developers today (May 20) to tell them to “raise their …
Cutbacks continue as Taylor Wimpey plans 13 office closures
Taylor Wimpey has announced plans to close 13 of its 39 regional offices and shed around 600 staff in a bid to reduce overheads during the housing market downt…
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