Despite ongoing predictions of doom and gloom in the property market, mortgage lending was up in January.
The National Association of Estate Agents has called on the Chancellor to cut stamp duty in next month’s budget.
Northern Rock is to be nationalised in a temporary move by Chancellor Alistair Darling.
Renters look to spend £152,731 on their first home whilst those who dwell with parents estimate £137,796.
New powers mean even the smallest developments would pay a levy to meet local infrastructure costs.
The credit crunch has been less dramatic for UK borrowers than first feared, with fewer arrears than expected.
The Bank of England’s Monetary Policy Committee voted to reduce the interest rate to 5.25%, a cut of 0.25%.
Average property prices have remained stable according to research released by the Halifax House Price Survey.
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