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April house prices drop an average of £204,439

House prices slid 1.1% in April, according to the Communities and Local Government House Price Index. The average UK house price is now £204,439.

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Repossessions up 17% in Q1

The number of new repossessions in Q1 2011 increased by 17%, the first rise in a year, according to the Financial Services Authority.

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RPSA slated for complaint on surveys

The Residential Property Surveyors Association has been criticised for demanding the Financial Services Authority investigates lenders over their lack of clarity on surveys. The RPSA has written to Hector Sants, chief executive of the FSA, claiming lenders are duping customers into thinking that they have had a survey carried out when they haven’t. It claims […]

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