lending

UK lending is set to fall even further as banks and building societies react to falling house prices and the economic downturn.

The Crosby review of the UK's mortgage finance markets will be delayed, the Treasury has announced.

Inter-bank lending rates have hit their highest point for more than seven years last night despite intervention from central banks, according to the British Bankers' Association (BBA).

GMAC-RFC, the high-risk mortgage lender which sold mortgages to Bradford & Bingley, will merge with GMAC's European operations and become an asset manager.

Net mortgage lending has fallen to just a fraction of what it was 12 months ago, new figures from the Bank of England (BoE) show.

Gross mortgage lending continued to fall in August and has reached its lowest figure in more than three years.

More than three million borrowers have had a mortgage or loan application refused over the past 18 months, according to GE Money Home Lending.

Coventry Building Society has increased its pre-tax profits by 8% during the first six months of 2008.

The Office of Fair Trading (OFT) is to investigate irresponsible lending practices in the UK, including the roles of lenders, brokers and intermediaries.

Remortgaging activity has slowed rapidly after holding up well in the face of falling house prices, according to the Council of Mortgage Lenders (CML).