The Conservative Party will promise a £1bn fund for building 400,000 new properties on brownfield sites as part of two big housing announcements in its manifesto unveiled later today.
The housing market recovery helped stamp duty revenues soar by a fifth in 2014-2015 to a record high of £8bn, according to research.
Two financial services firms have teamed up with property surveyors to fuel their growth strategies and benefit from new revenue streams in the UK housing market.
High street bank mortgage approvals were down 20% in November compared with the year before, new figures from the British Bankers' Association (BBA) have shown.
Advisers have welcomed the Chancellor’s overhaul of the taxation system around buying property, saying it is an “ingenious” idea that will benefit the majority of clients.
The government is to do away with the existing 'single slab' approach to stamp duty on residential property purchases, introducing a new tiered charge from 4 December.
The Bank of England may find monetary policy such as raising interest rates “the only game in town” to combat financial stability risks such as the housing market, the deputy governor has warned.
Lloyds, the UK's biggest lender, has put an immediate cap on income multiples on mortgages over £500,000 to primarily target the London market in a bid to combat the capital's swiftly rising property price inflation.
Prominent economists have added to calls for the government to pull back from the mortgage guarantee element of its Help to Buy initiative, arguing it is no longer needed.
UK house prices rose by 0.6% in February, a 9.4% increase on the same month in 2013, according to Nationwide Building Society.
It is "not unreasonable" for investors to anticipate a 2% base rate as early as 2016, but increasing rates is still considered a last resort to tame the housing market, according to Bank of England policymaker David Miles.
Assessing firms' readiness for the Mortgage Market Review
Mutuals and building societies have doubled their net mortgage lending over the last year, figures from the Building Societies Association (BSA) show.
There is a 77% chance UK houses are over-valued, an economist has warned, as the threat of a bubble looms.
The mortgage market is experiencing "strong upwards momentum" and gross lending may top £200bn for the first time in seven years in 2015, but there is little evidence of a housing boom developing, according to the Council of Mortgage Lenders (CML).
The mortgage aspect of the Funding for Lending Scheme (FLS) is to be discontinued in light of improved market conditions.
The Welsh government has announced it will launch its £170m Help to Buy equity loan scheme in January.
The UK economy is heading in the right direction but there are a "number of years to go" before a full-blown recovery can be called, Bank of England (BoE) chief economist Spencer Dale has said.
The government is undermining its own Help to Buy scheme by imposing a large tax burden on first-time buyers, the Council of Mortgage Lenders (CML) has argued.
UK house prices are now 5.8% higher than this time a year ago, according to Nationwide, but are still 7% off their 2007 peak.
The Bank of England (BoE) could increase interest rates a "fair amount" without hurting homeowners taking advantage of the government's Help to Buy scheme, according to one of its policymakers.
Britain's economic recovery is now firmly entrenched thanks to a spending spree by consumers - and fears of a housing bubble are just ‘hysteria', say leading economic forecasters.