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CEBR trebles forecast for house price growth in 2015

The Centre for Economics and Business Research has trebled its forecast for house price growth in 2015 due to supply shortages. The think-tank now expects the average UK house price to increase by 4.7 per cent to a record high of £261,000 in 2015.  In March it predicted prices would grow by only 1.5 per […]

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Lloyds share sell-off reaches £14.5bn

The Treasury has disposed of another £500m of its Lloyds Bank holding, increasing the total raised to £14.5bn. Earlier this month the Government confirmed that it had sold £14bn of shares, and it has now disposed of a further 1 per cent holding. The £500m of shares sold means the Government now holds less than […]

Accord
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Accord to tighten rental cover calculation

Accord is set to tighten its buy-to-let rental cover calculation. From 31 July, the lender will change its rental calculation interest rate from 125 per cent of 5 per cent to 125 per cent of 5.24 per cent. This means landlords will be required to charge more in rent to meet the lender’s requirements. For […]

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