Brown refuses to rule out VAT on house purchases
The chancellor Gordon Brown today refused to rule out placing VAT on house purchases in a bid to rein in the booming property market and raise funds for his spending plan...
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Halifax backs predictions of drop in house prices
Soaring house price inflation is set to slow dramatically next year, mortgage bank Halifax predicted today.
Halifax, part of banking group HBOS, estimates the annual ra...
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House boom sparks leap in inflation
Runaway house prices are set to help send the inflation rate surging above the Bank of England's 2.5 per cent target this week, ending any lingering hopes of rate cuts, s...
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B&B signals wind down of house price boom
Bradford & Bingley, the mortgage lending bank, signalled that the runaway housing boom was slowing down yesterday when it said that house prices would grow at a "sign...
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New guide to equity release
The Council of Mortgage Lenders this week launched a new guide to equity release schemes aimed at helping older homeowners understand how they can unlock money from their...
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House price growth to slow
Mortgage bank Bradford & Bingley today reinforced predictions of a slowdown in the housing market, warning of "significantly lower" price inflation next year.
The group...
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House price growth 'unsustainable
Bank of England member Marian Bell today warned that Britain's housing market was growing at an unsustainable rate.
Ms Bell, one of the nine members of the Bank's Monet...
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UK blows ?12bn remortgage
Homeowners are spening more than £4 billion a month on consumer goods - like cars, DVD players and luxury TVs - with money borrowed against their rising house prices...
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Abbey Life fined record ?1m
An offshoot of Lloyds TSB was yesterday fined a record £1m for mis-selling endowment mortgages to tens of thousands of homeowners.
The financial services authority...
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Bank holds interest rates at 4%
The Bank of England today fixed interest rates at 4% for the 13th month in a row.
The bank's nine-member monetary policy committee (MPC) has kept rates stable since Nove...
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