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UK News: Secured Homeowner Loans, Personal Loans, Mortgages and Remortgages
HBOS forecasts 9% fall in UK house prices in 2008
HBOS, the UK's biggest mortgage lender, has forecast that UK house prices are set to fall by 9% this year.
The banking group, which owns the Halifax, had earlier predicted that the decline would be less severe.
In a trading update, HBOS said the housing market remained "subdued" and the number of transactions this year would be down by 45% on 2007's level.
Its comments came ahead the launch of its rights issue through which it is aiming to raise £4bn from shareholders.
