Northern Rock is set to resume lending with up to £14 billion in new mortgages by 2011 Printer friendly version
Northern Rock is set to resume lending with up to £14 billion in new mortgages by 2011, the government has announced.

Chancellor Alistair Darling said Northern Rock will be allowed t... read more

Vince Cable last night claimed Gordon Brown has refused to accept the collapse in house prices was due to an asset bubble.

Speaking at the London School of Economics (LSE) last night, the Liberal Democrat treasury spokesman said: "Until recently Gordon Brown has refused to accept the house price... read more

UK must keep building out of credit crunch Printer friendly version
A group of influential MPs are calling on the government maintain its building programme through the recession.

A report from the Communities and Local Government select committee is calling for the government to stick by its ... read more

Owner occupiers are returning to the housing market looking for bargains, according to Rics.

The Royal Institution of Chartered Surveyors (Rics) new buyer inquiry research, published today, found lower prices were encouraging interest from owner occupiers.

Rics said many potential buyers bel... read more

House prices in January fell by 1.4 per cent, a fall of 12.2 per cent from the same month last year.

The Financial Times House Price Index (FTHPI), recorded the eleventh consecutive monthly price fall, which was the seventh month to have exceeded a fall of one per cent.

All ten regions in En... read more

The Bank of England has cut interest rates by half a percentage point to a further record low of one per cent.

The cut today means the Bank rate has fallen from five per cent in October to the current level of one per cent.

Further cuts are now expected later in the year – taking interest ra... read more