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British house price growth quickened by more than expected in December to hit an eight-month high, according to a survey on Wednesday, another sign of growing momentum in the housing market. Mortgage lender Nationwide said house prices rose 0.8 percent in December, the strongest monthly increase since April and compared with a 0.1 percent increase in November. House prices rose 4.5 percent year-on-year, up from a 3.7 percent annual increase in November. " As we look ahead to 2016, the risks are skewed towards a modest acceleration in house price growth, at least at the national level, despite the likelihood of interest rate increases from the middle of next year, " Nationwide chief economist Robert Gardner. House prices are likely to rise between 3 and 6 percent over the next 12 months, Gardner added . London again topped the table for house price growth in 2015, with a home costing 12.2 percent more in the fourth quarter than a year earlier. ...

British mortgage approvals declined in September for the first time in four months, but mortgage lending and consumer credit grew at the fastest rate in years, Bank of England data showed on Thursday. The effective rate paid on households’ outstanding time deposits increased by 9bps to 1.59% in September and the rate for households’ new time deposits decreased by 2bps to 1.51% . The effective rate on the stock of outstanding secured loans (mortgages) decreased by 2bps to 3.04% in September and the new secured loan rate was unchanged at 2.57% .  The rate on outstanding unsecured personal loans decreased by 5bps to 6.84% in  September and the new unsecured personal loan rate increased by 1bp to 6.98% .   The credit card rate (all balances) increased to 10.53% , a 12bps increase on the month (see Table A for households’ effective rates). The effective rate paid on private non-financial corporations’ (PNFCs) outstanding time deposits increased by 2bps to 0....