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Marketwatch

I’m not sure about NatWest ditching interest-only loans for first-timers as they do make sense for some professions. And Halifax has got a new SVR, which I assume will be not too closely linked to the base rate

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Hero of the week is The Mortgage Works for launching a number of new prime and buy-to-let products. It is great to see innovation back in vogue. This is the latest in a series of good product changes it has made.

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Villain of the week is former Monetary Policy Committee member David Blanchflower for calling on the Bank of England governor Mervyn King to resign. It’s a shame private comments were made public but we need an experienced governor.

 

 

 

 

 

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Prices forecast to fall by up to 10% as new buyers hit a two-year low

House prices could plummet by 10% next year, analysts are predicting. A number of forecasts were made last week about house prices in 2011, with predictions of falls ranging from 2% to 10%. Capital Economics is predicting the biggest drop at 10%, with the Office of Budget Responsibility predicting a 3.1% fall and Home-track 2%. […]