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Banks battle it out in mortgage price war   The soaraway housing market rekindles memories of 2008 when a lending spree triggered the worst financial crisis for decades 2 June 2021 • 4:57pm Former City dwellers who decided to buy suburban homes with spacious gardens will be feeling smug this week as temperatures soar.  Now, a wave of first-time buyers and cash-rich borrowers will be hoping to join them as competition for preferential rates between banks and building societies heats up.  Lenders’ largesse has helped sustain momentum in a housing market in which prices have risen 10.9pc...

By Joey Gardiner2021-05-20T08:30:00+01:00 March stastics show pandemic boom has increased cost of a house by more than 10%  House prices rose by 1.8% in March according to the first official data for the month, putting prices up by more than 10% year on year for the first time since the global financial crisis. The Office of National Statistics (ONS) figures, based on Land Registry data, show the average price of a home rose to £256,000 in the UK, with the biggest rises across the north of England. The growth equates to a UK rise of 10.2% on March 2020, which is the highest year-on-year r...

FTSE 100 nursing triple digit loss as Wall Street slumps and cryptocurrencies plunge Companies FTSE 100 nursing triple digit loss as Wall Street slumps and cryptocurrencies plunge Global markets under pressure on inflation fears, while digital currencies slide after latest Chinese clampdown FTSE 100 down 104 points US stocks slide 3.21pm: Cryptocurrencies drop by a quarter It is not just stock markets heading lower, so too are cryptocurrencies. But the falls there are of a different order. Bitcoin dropped by around 25% to below US$32,000 at one point today, and has now fallen more than 50% s...

FTSE 100 falls sharply as miners drop, while Wall Street slumps and cryptocurrencies plunge Companies FTSE 100 falls sharply as miners drop, while Wall Street slumps and cryptocurrencies plunge Global markets under pressure on price rise fears, while digital currencies slide after latest Chinese clampdown Antofagasta among the major fallers as commodity prices slip FTSE 100 down 111 points US stocks slide 4.04pm: Inflation worries continue to unnerve investors No sign of a recovery for stock markets. The FTSE 100 remains well down on the day, currently 111.69 points or 1.59% lower...

The UK's index of leading shares closed down 84 points at 6,950. FTSE 250 slid 98 points, to 22,234