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House prices are lower than they were a year ago for the first time since 1996, a property survey revealed today.
Average prices have dropped 1% since April 2007 to £178,555, according to the Nationwide. It is the first time one of the major national surveys has shown a year-on-year drop since the credit crunch began […]

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Tumbling house prices mean negative equity is now a serious threat to hundreds of thousands of homeowners.
And that could lead to higher mortgage bills, increasing the chances of arrears and repossession.
Here, James Coney examines the implications and explains what you can do to reduce the risks.
Are you at risk?
Could you fall into the negative equity […]

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The Chancellor today tried to avert a repossessions crisis by telling banks to do more to aid struggling homeowners.
Alistair Darling and Housing Minister Caroline Flint called on the major lenders to give more time to families who fall behind with their mortgages.
Mr Darling was making clear at a specially convened meeting that taxpayers were ‘entitled […]

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House prices have taken their worst battering since records began, a report published today reveals.
The study showed that prices are falling at the fastest pace for 30 years. It painted a picture of lower prices, few buyers and desperate sellers - with worse to come.
And the pessimism displayed by the estate agents and surveyors polled […]

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City experts welcomed the Bank of England’s decision to cut interest rates by a quarter point to 5pc today but warned homeowners against premature celebrations as the reduction is unlikely to feed through to mortgage rates quickly.
The cut, the Bank’s third in five months as it grapples with the credit crunch, was widely expected but […]

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Sixty thousand homes in the UK are at high risk of repossession, according to analysis by the Liberal Democrats. […]

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Sam Fleming and Becky Barrow, Daily Mail
House prices are 30% too high in the UK and could soon collapse, the International Monetary Fund said yesterday.
After a decade-long housing boom, it fears Britain is one of the most vulnerable countries in the world to a devastating price collapse.
In a further blow, the Bank of England warned […]

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Annual house price growth fell for the sixth month in a row during February to its lowest level since 2006, figures showed today.
The average cost of a home in England and Wales rose by just 5.3% during the 12 months to the end of February, the slowest rate of gain since July 2006, according to […]

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Council house tenants in Merthyr Tydfil have voted to transfer their homes to a not-for-profit housing association, Community Housing Cymru said.
£69.5m will be spent improving homes in the area over the […]

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