Bloomberg U.K. house prices fell in April after a surge of rental investors rushing to beat a tax change bolstered the market earlier in the year, according to Halifax. Average values dropped 0.8 percent from March, the mortgage lender said in a statement on Monday. That reduced the annual gain to 7.8 percent from about 11 percent. On a ...

  Reuters British finance minister George Osborne said that homeowners would face a “significant hit” from lower house prices and higher mortgage costs if voters decided to leave the European Union in a referendum in June. “This isn’t just a big question about who we are as a country. This goes to the heart of people’s financial security,” Osborne said ...

  Bloomberg Two of Australia’s largest lenders, which tightened home loans to some foreigners, said they uncovered mortgages backed by questionable overseas-income documentation. Australia & New Zealand Banking Group Ltd. and Westpac Banking Corp. have identified issues with some loans that rely on foreign income for approval, the two lenders said in separate e-mails. The statement comes after the two ...