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Archive for November, 2007

House Price Update

Thursday, November 29th, 2007

HouseAccording to mortgage lender Nationwide, UK house prices have seen the sharpest fall during November than recorded in the last 12 years. In some areas the fall has been by as much as 0.8% from the beginning to end of the month.

Mortgage lenders are being less generous with their money and we have seen a 12% decrease from September in mortgage approvals and a 31% decrease since October last year.

A cool down in the market has been a hot topic of discussion throughout 2007, is the market finally correcting itself?