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House prices have taken their worst battering since records began, a report published today reveals.
The study showed that prices are falling at the fastest pace for 30 years. It painted a picture of lower prices, few buyers and desperate sellers - with worse to come.
And the pessimism displayed by the estate agents and surveyors polled […]

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Two of Britain’s biggest mortgage lenders today defied the Bank of England by raising interest rates just hours before the official cut.
Nationwide building society and Alliance & Leicester put up borrowing costs as the monetary policy committee voted to reduce the base rate from 5.25% to 5%.
It underlined the crisis facing lenders in raising funds […]

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City experts welcomed the Bank of England’s decision to cut interest rates by a quarter point to 5pc today but warned homeowners against premature celebrations as the reduction is unlikely to feed through to mortgage rates quickly.
The cut, the Bank’s third in five months as it grapples with the credit crunch, was widely expected but […]

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Home repossessions here could double as Britain echoes America’s property crisis, the International Monetary Fund warned yesterday.
In an alarming report, the respected Washington watchdog attacked lenders and governments for a ‘collective failure’ to appreciate the danger of the past decade’s debt binge.
It said home repossessions could double in Britain, as borrowers whose fixed-rate mortgages are […]

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Sixty thousand homes in the UK are at high risk of repossession, according to analysis by the Liberal Democrats. […]

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Homeowners have gone on a borrowing binge as cheap remortgaging deals dry up. Credit card debt went up by £350m and bank loans and overdrafts soared by £2bn in February.
It was the highest monthly increase since records began in 1987, according to today’s Bank of England figures.
City economists said the ‘bizarre’ jump in consumer borrowing […]

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