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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


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.


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.







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%. […]


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