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NHMB pushes for first time buyer scheme

The New Homes Marketing Board (NHMB) is urging government to set up a national home deposit savings scheme, allowing first time buyers to save for a deposit, l…

HBOS to slash staff and mortgage products

Following its failed £4 billion rights issue, the UK’s biggest mortgage lender, HBOS, plans to shed 425 jobs – 325 of which will be in the mortgage divisions –…

Bellway reports reservations almost halved

Bellway’s trading update for the year to July 31 shows the severe impact of the market downturn, with reservations down 45% during the second half, and sales d…

Arrears and repossession cases rise – CML

The number of mortgage arrears and possession cases rose in the first half of this year, according to Council of Mortgage Lenders (CML) data.

Mortgage approval rate falls 60% - Halifax/BoE

The number of mortgage approvals used to buy houses has fallen 60%, Halifax revealed in its latest house price index

Lovell helps Morgan Sindall results

Affordable housing provider Lovell has contributed to the positive half-year results that its parent company, the construction and regeneration group Morgan Si…

Stamp duty holiday rumour for government

Media reports suggest that the government is considering postponing stamp duty as one measure to help combat the market downturn.

Credit crunch could drive next housing boom – CEBR

The credit crunch could be instrumental to the next housing boom, a report has claimed.

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