Extortion 'hits house prices'
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Protection rackets add Â£600 onto the cost of every new home in a County Armagh town, an MLA claims.
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Debt-ridden homeowners sell up to companies and rent their property back - but they can then face eviction.
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A housing charity warns that thousands of homeowners are struggling to repay their mortgages.
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Lenders say the move which tightened ÂexoticÂ mortgages might stifle the use of loans that make houses more affordable.
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UK house prices rose 0.2pc in September compared with the month before to stand up 17.8pc on a year ago, according to Nationwide Building Society.
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Bid $5m on own auctions, attorney general claims A jewellery company which allegedly bid on its own eBay auctions to "illegally drive up prices by as much as 20 per cent" will pay $400,000 (Â£204,000) in "restitution and penalties", Reuters reports.â¦
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Home buyers and owners were warned yesterday by two separate surveys of the property market that house prices were continuing to fall.
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People who refuse to sell their houses for less than they paid for them are violating a cardinal rule of the market: stuff is worth what itâs worth.
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Business & money: Many have lost their homes after repayment pledge failed to avert repossession.
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House prices fell by 1.1 per cent last month, their worst performance in four years, Halifax, Britain&#39;s biggest mortgage lender, has said.
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Home prices in Britain fell the most in three years in December, and the threat of more declines may cause the property market to seize up in 2008, said Hometrack Ltd., a London-based research group. The average cost of a home in England and Wales slipped for a third month, dropping 0.3 percent to Â£175,200 ($348,350). âThe second half of the year has seen a major reversal in confidence,â Richard Donnell, director for research at Hometrack, said in a statement. âJust as the financial markets have faced a liquidity squeeze, so the housing market is in danger of facing its own liquidity squeeze.â Prices increased 3 percent from a year earlier, the least in 18 months, Hometrack said.
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Business & money: Annual house price inflation reached its highest rate in more than two years in July.
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City fears that the Bank of England's rescue package could herald slide in house prices.
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Liberal Democrat MPs say some lenders "trick" people into taking out mortgages with high arrangement fees.
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Business & money: House price inflation picked up in April, pushing the cost of an average UK home to Â£209,454, figures show.
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A Bank of England rate-setter warns that a downward spiral of falling house prices threatens the economy.
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People who lost money in the collapse of the Farepak savings scheme are being targeted by loan firms, an MP claims.