According to the Financial Times, the Financial Services Authority is to look into the surge in high risk mortgages. A number of institutions have been entered the market, attracted by the higher margins. The FSA is concerned that a down turn in the economy could lead to the risk of defaults.
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28 June 2006
08 June 2006
UK house prices slow
A report in today's Financial Times, shows that UK house prices rose just 0.1% in May. The figures from the Halifax house price index show that the average house is now worth £178,997.
Year on year price growth is now 9.1%. The spring of 2005 was also fairly sluggish.
To read the article click on the post title.
Year on year price growth is now 9.1%. The spring of 2005 was also fairly sluggish.
To read the article click on the post title.
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