- Warning. Beware of financial advisers promising unusually high investment returns.
- In Money Marketing this week the Financial Services Authority is warning advisers about the dangers of selling dodgy non regulated investment products. What about warning the public?
- Wed 28th Jul 2010
- Have you been miss-sold your mortgage and are now stuck in mortgage hell.
- I have been speaking to a number of mortgage gurus over the last few days and the prickly topic that keeps cropping up is mortgage miss-selling.
- Wed 14th Jul 2010
- Bank of England to hold interest rates until May 2011. Good news.
- The british chamber of commerce have stated that rates will be on hold for quite some time.
- Tue 6th Jul 2010
Nationwide confirms fall in house prices
Fri 28 Dec 2007 3pm
Nationwide has confirmed that UK house prices declined in December.According to reports by the building society, over the course of the month, UK house prices declined by 0.5 per cent, causing the average house price to fall to £182,080.
"UK house prices fell by a seasonally adjusted 0.5 per cent in December, recording their second consecutive month-on-month fall," said Fionnuala Earley, chief economist at Nationwide.
"The annual rate of house price inflation fell to 4.8 per cent compared to 6.9 per cent in November and 10.5 per cent in December 2006," she added.
In November 2007, the average price of a property was £184,099.
Established in 1884, Nationwide is the world's largest building society.
In related economic news, the latest data from the Bank of England shows that inflation is currently at a rate of 2.1 per cent.
