Mortgages

October saw house prices fall by 1.1% on average as the market continued to move towards a more historical growth trend, according to the latest figures from Halifax.

Supermarket Tesco has announced its entry into the UK mortgage market with a discounted variable rate product to be distributed online and by telephone as of tomorrow.

With more than 7,000 firms cleared to do regulated mortgage business, the Association of Mortgage Intermediaries says the changeover has been a "success".

Alliance & Leicester has become the latest lender to warn of accuracy and validity issues relating to KFI (key facts illustration) data ahead of this weekend's historic shift in regulation of the mortgage market.

Average house loan sizes as well as the number of such loans approved dropped in September, figures published by the British Bankers' Association suggest.

Prices of residential housing fell in the past month for the first time in three years, data from Nationwide suggests.

Research into additional compliance costs forced by new rules being introduced on M-Day at the end of the month has been published by consultant Huntswood.

Mortgage lending has declined for the second consecutive month as a result of the slowing housing market, says the Council of Mortgage Lenders.

The Council of Mortgage Lenders is rolling out three new initiatives, including a new software tool, by the end of the month to help develop the lifetime mortgage market.

Research from Marlborough Stirling suggests pending mortgage regulation is already having an impact on standards and is driving down numbers of consumer complaints.