Bank of England

Arrears at Northern Rock have increased due to a squeeze on the availability of mortgages in recent months.

Northern Rock's shareholders have begun a legal challenge against the Government to receive compensation for the shares lost when the bank was nationalised.

The Bank of England's Monetary Policy Committee (MPC) has decided to keep interest rates at 5%.

Halifax says house prices fell by 0.9% in the twelve months to April, providing further evidence the housing market is in decline.

Northern Rock has revealed details of 2,000 redundancies to take place over the next few years.

The Bank of England has warned Britain's big banks could lose up to a fifth of their profits as the commercial property market implodes, The Daily Telegraph reports.

House prices have suffered from the first year on year fall since 1996, according to Nationwide's latest house price index.

Cheltenham & Gloucester (C&G) has increased rates on its range of intermediary mortgages it was announced today.

The number of mortgage approvals fell by 15% in March as credit conditions continued to tighten across the industry, according to the latest figures from the British Banker's Association (BBA).

Analysts have been surprised by recent MPC minutes which reveal the committee was split three ways over the decision to cut interest rates to 5% this month.