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The financial arena is featuring highly in this week’s property news round-up, with figures from the Bank of England showing that net mortgage lending rose by just £300m in March compared to £1.8bn in February, but on the plus side, the number of deals available to purchasers is on the rise with good news for buyers who only have small deposits.
And, as fresh evidence emerges that Britain's housing market recovery is faltering, in the form of a sharp fall in mortgage lending, economists have warned that this could damage consumer confidence.
On a sunnier note, seaside living is making a comeback as hotels with a sea view are being converted into plush apartments, but some people will go to crazy lengths to get a pad by the water as is proven by the couple that have converted a public lavatory into their dream home!
The property market has experienced a slowdown ahead of the general election, one of Britain's leading property agents has said.
The Telegraph, 05/05/10
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Net mortgage lending rose by just £300m in March compared to £1.8bn in February, figures from the Bank of England show.
The Guardian, 04/05/10
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The number of mortgage deals available is on the rise, and there is good news for buyers with only a small deposit.
The Guardian, 01/05/10
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Fresh evidence that Britain's housing market recovery is faltering, in the form of a sharp fall in mortgage lending, could damage consumer confidence, economists warned yesterday.
The Independent, 05/05/10
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Property prices are still rising in the UK according to the latest indices to be published and are predicted to keep doing so.
Property Wire, 04/05/10
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Seaside hotels are being converted into flats, providing opportunities for holiday-home buyers.
The Times, 02/05/10
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An enterprising couple have converted an disused public lavatory into a home with spectacular sea views.
The Telegraph, 04/05/10
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