Monthly house prices for June drop 0.6%, Halifax reports

House prices experienced a bigger monthly fall than analysts had expected in June, knocking £1,100 off the average property value, according to the Halifax.

UK business minister urges BoE to clamp down on risky mortgages

(Reuters) - British business minister Vince Cable on Thursday urged the Bank of England on clamp down on mortgages with high loan-to-income ratios to stop booming house prices from harming the economy.

Halifax expects house prices to stagnate after fall in July

House prices fell in July following two months of increases but are expected to remain largely flat for the rest of the year, the Halifax said in its latest housing market survey.