Industry

"The RDR would be laughable if it wasn't actually being inflicted upon us."

Buy-to-let mortgages and property investment clubs should be FSA regulated, according to the British Property Federation (BPF).

The Association of Mortgage Intermediaries (AMI) says mortgage product regulation by the FSA will unnecessarily restrict consumer access to the housing market.

Gross lending by building societies was subdued in August at £1.5bn as funds for mortgage lending remained unavailable.

Mortgage lending bounced back last month after falling into the negative for the first time on record in July, latest figures from the Bank of England (BoE) show.

HSBC is making an additional £0.5bn of mortgage funding available to homebuyers with deposits of 10%.

The FSA has proposed a ban on exploitative advertising and high-pressure sales techniques by sale and rent back (SRB) firms.

Saffron Building Society has decided to suspend new lending on equity release after reaching a satisfactory level of lending.

The Government should turn Northern Rock back into a mutual to avoid a repeat of the credit crunch, according to the Building Societies Association (BSA).

The number of mortgages approved by major banks in August is up by 81% over the past year, figures from the British Bankers' Association (BBA) show.