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May, 2007 News:

Why property chains break down

Tuesday, May 8th, 2007

A broken property chain is one of the most stressful and annoying experiences for people looking to buy or sell property.
In many property deals, the various buyers and sellers are linked to each other, with one transaction often dependant on another. If one buyer or seller backs out of a deal, it can have disastrous […]

Number of mortgage approvals drops in March

Thursday, May 3rd, 2007

The number of new mortgages dropped slightly during March, which may be an indication of a slowing housing market, according to the Bank of England.
The total value of mortgages in March was £9.9bn, compared to the adjusted figure of £10bn for February. 111,000 new mortgages were approved in March, compared with 117,000 the previous month.