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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

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You confirm that all information you supply is accurate.

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You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

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We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

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We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

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CONTACT

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HBOS PLC (HBOS)

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Wednesday 05 December, 2007

HBOS PLC

Halifax Hse Price Index-Nov07

HBOS PLC
05 December 2007



                              Halifax House Price Index

           National Index                                  November 2007


                       All Houses, All Buyers Index (1983=100)

Index (seasonally adjusted) 630.8     Monthly Change -1.1%    Annual Change 6.3%

            Standardised Average Price (seasonally adjusted)  £194,895


Key Points
     
•    House prices fell by 1.1% in November.  In annual terms, house prices are 
     6.3% higher.

•    A mixed pattern of monthly price rises and falls is a typical feature of a 
     more subdued housing market.  For example, there were six monthly falls and 
     six monthly increases between July 2004 and June 2005 as the market slowed 
     in response to a series of interest rate rises during 2004.

•    The housing market has slowed in recent months as the increase in interest 
     rates between July 2006 and July 2007 has taken effect.  Higher mortgage 
     repayments and falling real earnings have put pressure on households' 
     income, resulting in a slowdown in both house price growth and activity.

•    A robust UK economy and the accompanying sound health of the labour market 
     provide strong underpinnings for the housing market. Gross domestic product 
     (GDP) increased by 0.7% between 2007 Q2 and 2007 Q3, the eighth consecutive
     quarterly increase above the long-term average rate of 0.6%.

•    The economy has now grown for 61 successive quarters.  This represents the 
     UK's longest running period of unbroken GDP growth on record; a performance 
     that no other developed nation can match.  Again, this provides the housing
     market with a very solid foundation.

•    The number of people in employment increased by 69,000 between 2007 Q2 and 
     2007 Q3.  Employment in 2007 Q3 was 178,000 higher than in 2006 Q3, at 
     29.22 million. Employment levels are at a record high.

•    Market activity is lower.  Mortgage approvals to fund house purchase fell 
     by 12% in November to 88,000 (seasonally adjusted).  Approvals in November 
     were 32% lower than a year earlier. New buyer interest in purchasing a
     house fell for the eleventh successive month in November.


Commenting, Martin Ellis, chief economist, said:

"House prices fell by 1.1 per cent in November.  In annual terms, house prices
are 6.3% higher.

The housing market has slowed in recent months as the increase in interest rates
between July 2006 and July 2007 has taken effect.  Higher mortgage repayments
and falling real earnings have put pressure on households' income, resulting in
a slowdown in both house price growth and activity.

The UK economy is in sound shape. Strong market fundamentals, a structural
housing supply shortage and pent-up demand from a large number of potential
first-time buyers will support house prices, preventing a sustained and
significant fall."

A mixed pattern of monthly price rises and falls is a typical feature of a more
subdued housing market.

For example, there were six monthly falls and six monthly increases between July
2004 and June 2005 as the market slowed in response to a series of interest rate
rises during 2004.  It is not unusual to see successive monthly falls in these
circumstances.

A robust UK economy and the accompanying sound health of the labour market
provide strong underpinnings for the housing market.

Gross domestic product (GDP) increased by 0.7% between 2007 Q2 and 2007 Q3.
This was the eighth consecutive quarterly increase above the long-term average
rate of 0.6%, underlining the strength of the UK economy. The economy has now
grown for 61 successive quarters.  This represents the UK's longest running
period of unbroken GDP growth on record; a performance that no other developed
nation can match. (Source: ONS)

The number of people in employment increased by 69,000 between 2007 Q2 and 2007
Q3.  Employment in 2007 Q3 was 178,000 higher than in 2006 Q3, at 29.22 million.
(Source: ONS)


Supply shortages will also support house prices.

The ongoing inability of the rate of housebuilding to match the pace of new
household formation will also support house prices.


Annual rate of house price growth at 6.3%.

As expected, the annual rate of house price inflation has fallen in recent
months as the strong monthly house price gains during the autumn of 2006 have
dropped out of the year-on-year comparisons. The annual rate eased to 6.3% in
November from 8.9% in October.


Market activity is lower

Mortgage approvals to fund house purchase fell by 12% in November to 88,000
(seasonally adjusted).  Approvals in November were 32% lower than a year
earlier. (Source: Bank of England)

Completed property sales are down 15% on an annual basis and new buyer interest
in purchasing a house fell for the eleventh successive month in November.
(Source: RICS)




                      This information is provided by RNS
            The company news service from the London Stock Exchange

a d v e r t i s e m e n t