Gross mortgage lending has fallen by £4bn between August and September, but remains higher than the same period in 2006, according to the Council of Mortgage Lenders (CML).
The Bank of England has rejected claims by Northern Rock's chief executive, Adam Applegarth, that it caused the collapse of talks with a potential saviour for the firm by refusing to provide a funding facility.
Standard Life Bank has expanded its Freestyle range with a term tracker product in response to strong consumer demand.
Heritable Bank has today announced its second packager relationship in as many months as part of its strategy to broaden access to its specialist lending products.
Mortgage broker, London & Country, has today announced an exclusive mortgage deal through Platform, the intermediary lender of Britannia.
The UK housing market is experiencing negative growth for the second successive month, according to the Royal Institute of Chartered Surveyors (RICS).
Less than one in fifteen home buyers recognise low interest rates and inflation as a key reasons for Britain's house price boom, according to research from Propertyfinder.com.
Consumers are increasingly turning to variable rate mortgages as they believe interest rates have now peaked, according to Spicerhaart Financial Services.
Abbey has today announced a number of rate reductions to its long-term fixed rate mortgage products.
The Bank of England's Monetary Policy Committee (MPC) has decided to keep interest rates at 5.75% following a meeting today.