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Welcome to this week’s property news round-up from MMS. There’s some good news with regard to house prices this week with figures showing that they’re on the up. According to the latest index UK residential property prices are still rising and are now 9% higher than a year ago.
On the mortgage front the Post Office will be starting to offer mortgages aimed at first time buyers with just a 10 per cent deposit which will hopefully have a positive impact on the market as the number of mortgages approved for house buyers fell for the third month in a row during February.
And finally, in-keeping with Easter and today being April Fool’s Day, Britain's newspapers kept their readers entertained with some hilarious April Fool's stories…
Have a great Easter from all at MMS.
March figures from Nationwide show that the average property price rose by 0.7% this month to stand at £164,519.
The Guardian, 30/03/10
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Average residential property prices in the UK have increased by 7% from a year ago but they fell slightly in February, backing up the feeling that the market is slowing.
Property Wire, 29/03/10
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Residential property prices in the UK increased by 0.7% month-on-month in March and by 1.6% in the first quarter of 2010, according to the latest index.
Property Wire, 31/03/10
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The number of mortgages approved for house purchase fell for the third month in a row during February.
The Telegraph, 29/03/10
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British mortgage approvals fell to their lowest level in nine months in February, Bank of England figures showed on Monday, in another sign that the recovery in the housing market is stalling.
The Telegraph, 29/03/10
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Post offices will start offering mortgages, children's savings accounts and a range of other financial services as part of a plan to return the postal network to more successful times.
The Telegraph, 29/03/10
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Britain's newspapers kept their readers entertained with some hilarious April Fool's stories.
The Telegraph, 01/04/10
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