interest rate

Signs of a cooling housing market caused the Bank of England's Monetary Policy Committee to unanimously vote to keep interest rates at 5.75% in August, according to minutes released by the BoE today.

The latest Lloyds TSB Scotland House Price Monitor has found that house price growth is beginning to slow north of the border.

The Association of Mortgage Intermediaries says the housing market will slow but a crash is unlikely, as part of its Quarterly Economic Bulletin launched today.

Research published today by the National Housing Federation (NHF) claims that the average house price in England will rise to over £300,000 within five years.

The number of home repossessions in the first six months of 2007 has risen by almost a third compared with the same period in 2006, according to the Council of Mortgage Lenders.

A quarter of homeowners would consider taking on a lodger to combat interest rate rises and boost their incomes, according to Propertyfinder.com.

Ratings agency Fitch claims that UK house prices could be as much as 20% overvalued compared with their long-term average.

House prices will begin to fall in August as interest rates give homebuyers the upper hand in the negotiating process, according to Your Move.

House price growth in July fell below 10% for the first time since March 2007, according to Nationwide's latest House Price Report.

Lenders have secretly cashed in on low interest rates to make record profits for their shareholders, according to independent finance website, Fool.co.uk.