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 …