An attempt to organise a takeover of Northern Rock was underway last night, according to The Times , as regulators, government and bank officials sought to rescue Britain's fifth largest mortgage lender before panic among its customers leaves it beyond...
A further rise in UK interest rates is possible this year if the risks of inflation remain on the upside, according to Abbey International.
Illiquidity in credit markets is the major issue facing lenders rather than lending quality, according to the Council of Mortgage Lenders (CML).
House prices in England and Wales are growing at their lowest rate since July 2006, according to the Land Registry.
The Bank of England has given a loan of £314m to an unidentified party via its standing lending facility it was announced today.
House prices have fallen in July in response to interest rate rises and the average mortgage being sought by first time buyers has reached its lowest level in 18 months, a report suggests.
Signs of a cooling housing market caused the Bank of England's Monetary Policy Committee to unanimously vote to keep interest rates at 5.75% in August, according to minutes released by the BoE today.
The latest Lloyds TSB Scotland House Price Monitor has found that house price growth is beginning to slow north of the border.
The Bank of England misled the public in a bid to justify five base rate jumps in under a year, property investment firm Assetz claims.
Confirmation interest rates are likely to hit 6% before dropping has sparked angry protests across the industry.