The summer lull in the mortgage market can be attributed to seasonal decline and was not evidence of another prolonged downturn, the National Association of Estate Agents (NAEA) says.

The average number of intermediary mortgage products rose 4% to more than 2,000 last month while activity levels are also on the up, a study suggests.

The FSA and Mortgage Payment Protection Insurance (MPPI) firms have agreed to refund approximately £60m to customers by the end of 2010.

The chairman of HSBC has said the entire banking industry "owes the real world an apology".

Wall Street shares edged upwards in early trading ahead of a U.S. service-sector survey by the Institute of Supply Management (ISM).

Buy-to-let mortgages and property investment clubs should be FSA regulated, according to the British Property Federation (BPF).

London shares rose slightly in early trading, with markets still affected by weaker than expected US jobs data.

House prices have returned to 2008 levels, according to Nationwide Building Society.

The Association of Mortgage Intermediaries (AMI) says mortgage product regulation by the FSA will unnecessarily restrict consumer access to the housing market.

New rules demanding firms reopen previously-rejected PPI complaints are unjust because they require firms to retrospectively apply today's standards to yesterday's business, two influential trade bodies argue.