Bank of England

The Association of Mortgage Intermediaries (AMI) has proposed approaching Sovereign Wealth Funds to help boost investment in the UK mortgage market.

The Special Liquidity Scheme, announced today by the Bank of England, is unlikely to reverse the trend of rising mortgage costs seen in recent weeks, according to the Council of Mortgage Lenders (CML).

The Bank of England is to provide a further £15bn into the financial markets to ease liquidity concerns following talks between lenders and the Prime Minister.

Net mortgage lending in 2008 could reach half the level achieved last year, according to Steven Crawshaw, chairman of the Council of Mortgage Lenders (CML).

The Bank of England and the Debt Management Office should take co-ordinated action to help ease the liquidity crisis, according to New Star's chief economist Simon Ward.

Interest rates have been cut by 0.25% to 5% by the Bank of England's Monetary Policy Committee (MPC), it was announced today.

House prices saw their largest monthly fall for over 15 years in March, dropping by 2.5%, according to the Halifax.

Mortgage availability will worsen over the next three months, according to the Bank of England.

Mortgage lending has slumped to its lowest level for 13 years, the latest Bank of England figures suggest.

Government ownership of the failed Northern Rock bank could be exacerbating the liquidity crisis, according to New Star economist Simon Ward.