House prices stay stable in January fall

House prices were steady in January, according to the country’s biggest mortgage lender, a sign of possible stabilisation in the housing market.

Analysts had expected the Halifax house price survey to show a drop in house prices following three consecutive falls, but there was little movement in the market.

While the Halifax survey suggests the housing market is stabilising, other reviews of the market show further cooling. For example, figures from the Nationwide revealed that house prices fell by 0.1% in January, the third successive monthly decline.

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Best Development Lender - Regentsmead

Louise Fernley, editor of Bridging and Commercial, said: “Our 2010 awards aimed to celebrate the lenders who have not only survived, but thrived over the last year. One of our new awards, for Best Development Lender, deservedly went to Regentsmead after a number of glowing reports from brokers, property developers and other professionals that had worked with them.

“It was an obvious choice for our panel, with everybody agreeing that a firm with an appetite to lend and high-quality service levels is what is sorely needed in the market right now. On behalf of all of us at Bridging & Commercial we’d like to say congratulations to all of the Regentsmead team – and fingers crossed for 2011!”

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