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House prices up by 0.4 per cent in November – Hometrack

Hometrack&#39s November survey of the housing market shows a 0.4 per cent increase in house prices which it says confirms the continuing healthy state of the market.

The average house cost £146,500 up from £145,900 last month. Highest house price rises occurred in Cumbria (1.5 per cent), north London ( 1.1 per cent), Hereford and Worcester (0.9 per cent), and mid Wales (0.9 per cent). While no county experiences price falls, the Isle of Wight and Wiltshire both reported flat prices (0.0 per cent).

Housing economist John Wriglesworth says: “We predict a 4 per cent increase in prices for 2004. There&#39s more chance of finding Elvis on the moon than there is of a house price crash next year.”


Puzzling approach to reprojections

Although the FSA has wriggled away from all calls for a formal review of low-cost endowment sales practices, it seems to be doing everything else in its power to ensure that the public are encouraged to complain about them. For example, we are now seeing: •Reprojections of possible maturity values based on assumed future growth […]

750 advisers pass the CII&#39s new savings and investment exam

Over 750 advisers have passed the CII&#39s second sitting of its new training module which focuses specifically on savings and investments. This brings the total number of advisers that have passed the exam to 1,447, with 759 passing this time around and 688 successful candidates at the initial sitting of the exam in April. The […]

Rate rise sees dip in home asking prices

The housing market has cooled significantly since the Bank of England increased base rate to 3.75 per cent earlier this month, according to property website Its November house price index reveals that asking prices have dipped by 0.1 per cent after rising by 3.3 per cent last month, leaving year-on-year house price inflation at […]

Code comfort

This article focuses on selfcertification mortgages following the recent BBC Money Programme. Nobody who knows the homeloan business would suggest that the Mortgage Code Compliance Board ignores the activities of noncompliant firms. Anybody who ever laboured under that misapprehension can probably be numbered among the 1,000-plus firms which we have either de-registered or seen leave […]


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