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Mortgage lending slumped to its lowest September level for a decade as activity in the housing market remained muted, according to the Council of Mortgage Lenders. It was the second consecutive month during [...] The downward trend in the number of mortgage approvals for house purchases continued in September, the British Bankers’ Association (BBA) said. There was also little appetite for new personal loans among consumers. The number of mortgages approved for house purchases fell [...] New figures show that the number of homes changing hands fell for the second month in a row during September, as potential buyers continued to stay away from the market. The number of new homes being built in England dived to a record low during the past year.The housing supply increased by just 128,680 properties during 2009/10 – the lowest annual level since records began in 2000 and 23% down on the previous year, according to Communities and Local Government. The fall was largely driven by [...] The Property Ombudsman, Christopher Hamer, has repeated his call for all letting agents to be part of a formal redress scheme, like estate agents. Letting agents are generating a disproportionately high number of the enquiries made to the Ombudsman. [...] The social housing budget in England is to be cut by more than 50% in the Comprehensive Spending Review. Despite the cuts, ministers are likely to set a target of building 150,000 affordable homes, changing the way councils [...] Growing student debts will reduce the mortgages available to first time buyers or delay them getting on the property ladder. When applying for a mortgage, most lenders will put applicants’ financial details through an affordability [...] The social housing budget in England is to be cut by more than 50% in the Spending Review. Despite the cuts, ministers are likely to set a target of building 150,000 affordable homes, changing the way councils charge [...] There was a modest lessening of the lending criteria banks and building societies imposed on first time buyers during August.The average deposit required by someone taking their first step on to the property ladder dropped back to 21%, after increasing to 24% during June and July. Lenders also advanced an average of 3.17 times a first [...] Lloyds Banking Group – which is 41% owned by UK tax payers has yet to sign the government’s code of conduct on taxation.Chancellor George Osborne has said only four of the 15 largest banks have so far put their name to the deal. And Lloyds admitted it was one of those yet to commit – though [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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