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A rise in property prices is announced
Whilst many City economists are expecting a further cut in the interest rate on Thursday, there are a few that dispute the chance of a cut due to the recent announcement by the UK's biggest mortgage lender that the housing market is showing signs of recovery.
Halifax figures show a rise in property value of 1.3 per cent and a year on year growth of 5.2 per cent. The rise in prices is the biggest since February 2007 and fuels the belief of some commentators that the property market will recover quickly and show a further continuous rise in prices.
← Mortgages market shows 'resilience' | News For January 2008 | Property prices more affordable →
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
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The actual rate will depend on your circumstances. APR variable and based on a usual case.
Grovelawn Financial is a trading name of Grovelawn Limited, which is authorised and regulated by the Financial Services Authority.
Grovelawn Limited is Registered in England & Wales number 5030300. Registered Address: 98 Station Road, Sidcup, Kent, DA15 7BY.
Entered on the Financial Services Authority's Register — Register Number: 314204 — Consumer Credit Licence Number: 573287
The Financial Services Authority (FSA) do not regulate some types of buy to let, commercial, overseas mortgages, tax advice and credit or loans not secured on property.