View more on these topics

House prices fall for seventh consecutive month

Annual house price changes in England and Wales decreased by a further 1.7 per cent in March, according to the Land Registry.

The annual house price change fell from 5.3 per cent in February to 3.6 per cent in March, taking the average price to £184,798.

This is the seventh consecutive decrease in the annual rate of growth.

The monthly change for March, accounting for seasonal adjustments, is -0.4 per cent.

The volume of transactions was also down 26 per cent from the same period last year, with an average of 81,926 per month between October 2007 to January 2008, compared with 109,969 per month from October 2006 to January 2007.


Polarised lenses

We are expecting the retail distribution review interim statement next Tuesday and we should prepare ourselves for a change or two from what we were told and read in Jane 2007 with the 111-page RDR first discussion paper.

Lenders face a flash flood

Amid widespread speculation that mortgage complaints could skyrocket due to the credit crisis, mortgage brokers will be relieved to hear that the vast majority are expected to involve lenders.

Broker Talkback

Was the Bank of England wrong not to include specialist lenders in its £50bn rescue package for banks?


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm