Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Wednesday, April 30, 2008

The Falls Continue

House prices continue to fall, Nationwide's measure of house prices has shown the first annual fall in 12 years.

Prices are now 1% lower than this time last year.

For those who already own property, and are seeking to move, the fall should not affect them as the effects of a reduction in selling and buying prices will cancel each other out.

However, first time buyers may not be helped that much by this fall; as mortgages are now proving very difficult to obtain and many lenders now require a 10% deposit.

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