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Latest news from the property market

UK interest rates held at 0.5%

On Wednesday 9 December 2015 the Bank of England Monetary Policy Committee UK interest rates voted 8 to 1 to leave interest rates unchanged again at 0.5%. The nine rate-setters on the Monetary Policy Committee (MPC) voted 8-1 for no…

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Mortgage lending back to pre-crash levels

According to the British Bankers’ Association, mortgage lending by British banks were the highest since July 2008, indicating there is little sign of demand for property slowing down despite spiralling prices. New loans came in at £14.2bn in October, up from…

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