Figures out yesterday from indicate that the number of mortgage deals has fallen by almost two-thirds since July 2014. The biggest shrinkage has been among sub-prime and buy-to-let mortgages, and is accompanied by lenders demanding bigger deposits and rising interest rates in some deals. Abbey National is nowRead More →

Yesterday figures from the British Bankers’ Association revealed that the UK mortgage market is subdued despite a slight recovery in April. More than 38,000 new mortgages were approved for house purchases in April, up from 35,500 in March, but the figure was down 39.4 per cent from the sameRead More →

The Bank of England (BOE) yesterday joined central banks around the world to launch a joint effort aimed at tackling the global credit crisis. The BOE, US Federal Reserve Bank, European Central Bank, Bank of Canada, and Swiss National Bank said they would each release additional financial reserves toRead More →

Ken Livingstone has published his climate change action plan for London. A green homes programme proposes a cut of 7.7m tonnes in carbon emissions from homes by 2025. Meanwhile housebuilder Stewart Milne Group has unveiled designs for what it says is ‘one of the first five-star near zeroRead More →

Nationwide‘s house price figures for September, released today, show house prices rose by 0.7 per cent in the month, defying rising mortgage costs and recent financial insecurities. Despite the increase, house price inflation over the last 12 months came down from 9.6 per cent to 9 per cent. LongerRead More →

This morning’s Independent is well worth a look for this interview with Mr Yvette Cooper (aka Ed Balls). Answering a series of questions from readers, the economic secretary to the Treasury rises above the usual bland soundbites with some domestic details and even the odd joke. He also fends offRead More →

Shadow housing minister Grant Shapps said that the recently launched Homes and Communities Agency (HCA) has ‘probably a year, 18 months’ from now to prove it can deliver or it would be scrapped by a Conservative government. He said that he could see the ‘potential areas of waste’ inRead More →

DCLG statistics show new cases of homelessness in the final quarter of 2013 were down 20% on the same period in 2005. Acceptances were half what they were three years ago. The number of families in temporary accomodation also fell below 90,000 for the first time since 2003. UpRead More →