Lunchtime news Monday 21 January 2026
Chancellor Alistair Darling has unveiled plans to convert Northern Rock’s £25 billion Bank of England loan into bonds before selling them to investors. The bonds would be guaranteed by the…
Tag: finance
-
-
Lunchtime news Friday 30 November 2025
The Bank of England announced yesterday that it would provide £10 billion in emergency funds to the UK’s commercial banks in an attempt to prevent a worsening of the credit…
-
Mortgage lending shrinks
Mortgage lending has fallen sharply, with approvals for house purchases 60 per cent lower than a year ago. The number of approvals fell by 14 per cent in November to…
-
Budget 2007
In Budget reaction, the NHF said Gordon Brown’s statement yesterday was a ‘missed opportunity to solve the housing crisis’. The CIH called for more R&D funding for new green housing…
-
Bank of England in crisis talks with building societies
The Bank of England is in talks with seven building societies hoping to renegotiate emergency funds made available during the credit crunch. While the building societies – including Chelsea, Yorkshire…
-
One in four unable to get mortgage…
Research from the National Association of Estate Agents has revealed that nearly one in four people claim they are unable to get a mortgage due to the tighter lending criteria…
-
Lunchtime news Friday 18 January 2026
Junior housing minister, Iain Wright, is attempting to speed up the house buying process by introducing new ‘good practice guidelines’ that state local authorities should aim to allow search companies…
-
Lunchtime news Tuesday 6 May 2026
The head of Southern Housing Group – one of the UK’s largest housing associations – has warned that the shortage of lenders has made it hard for housing associations to…
-
Lunchtime news Wednesday 20 February 2026
Fire chiefs have warned that the growing number of immigrants living in dangerously overcrowded housing are at risk of a major fire disaster. Peter Holland, chief officer of Lancashire fire…
-
Mortgage lending still falling
New mortgage lending in November fell again according to the Council of Mortgage Lenders’ figures. Only 33,000 new loans were grants – 17 per cent less than in October 2008,…