Business Diary: 01/08/2009

A new name for Nelson's county?

House prices increase for first time since January 2008

House prices in England and Wales rose in June for the first time in 18 months, official figures revealed yesterday in further evidence that the housing market may finally be bottoming out.

Simon Read: A positive solution to mortgage misery

Negative equity mortgages hit the headlines again this week after it was revealed that the Nationwide building society is offering loans of up to 125 per cent to some of its borrowers. While many commentators' first reaction was to hold their hands up in horror at the fresh example of imprudent lending, the mutual's move is actually an example of a sensible approach to helping borrowers in these times.

First-time buyers tap parents for deposit

Despite house prices declining by around a fifth from peak levels in the autumn of 2007, first-time buyers are turning to the "Bank of Mum and Dad" in increasing numbers to get on to the housing ladder.

David Prosser: Why this 125% mortgage is welcome

Outlook Good for Nationwide Building Society, both for having the nous to see that there is a part of the housing market that could benefit from being offered 125 per cent loan-to-value deals, and for having the nerve to market such products, which could see the mutual end up on the wrong end of some critical headlines.

How not to add value to your home

Thinking of selling your property? You don't need to splash out on expensive renovations, just stay practical and functional, says Graham Norwood

West Bromwich Building Society 'to be rescued'

The West Bromwich Building Society is poised for a rescue deal within days, it was reported today.

Simon Read: The claims companies out for a quick buck

It's been a week dominated by complaints. The Financial Ombudsman Service – the government organisation that rules on people's disputes with banks, insurers, and other financial firms – published its annual report, which made for interesting reading. It came as no surprise that the number of new complaints received by the service topped 130,000. Let's face it, there's been plenty to complain about in the past year.

House price rises in May are just a blip

The outlook for the battered property market remains bleak despite the 1.2 per cent house price rise in May that was revealed by the Nationwide building society yesterday.

Fall in house prices slows in April, says Nationwide

House prices are still falling – but at a slower rate, according to the latest figures from the Nationwide Building Society and the Land Registry.

£1.6bn Dunfermline sale was 'the only option'

The taxpayer sank more than £1.6 billion into the rescue of Dunfermline Building Society today as the Prime Minister branded the stricken mutual the "author of its own mistakes".

Breakthrough in battle over bank charges

Customers move closer to recovering £1bn after Court of Appeal ruling

Julian Knight: The banks were never going to listen to Cassandra

Paul Moore, like the ancient Cassandra, was always doomed to be ignored. HBOS was caught in the same mad mindset as almost every other major corporate player in banking and beyond.

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