The average price of a new home in April was £256,143 - down 8.1 per cent on last year. The property market is set for a shake-up as new research shows prices have continued to drop. However, it points out that although it was the largest annual fall to date, prices were down just 0.3 per cent on March’s figures, suggesting that the slowdown is stabilising and prices cAccording to which carried out the research, it is the most significant price decrease since the slowdown began last October. The mortgage itself is made by a bank, a savings and loan association, a mortgage company, a credit union, or any other lender. For it to become an FHA mortgage loan, the lender would have to be approved by the Federal Housing Administration.
