Government\'s bank rescue package has failed - DT
The Bank of England has reportedly warned that the government’s bank bailout has not worked.
CPA urges government to act as sale of construction products reaches new low
The Construction Products Association (CPA) has written to government officials, pressing them to consider a range of proposals to assist the industry as a study revealed that the sale of construction products has reached a new low.
Smart New Homes makes 2009 market predictions
Smart New Homes has predicted that in 2009, house prices will fall by a further 5% but will show some recovery by the end of next year.
CML demands greater clarity for lenders
The Council of Mortgage Lenders (CML) has labelled government banking policies “incoherent,” calling for greater clarity as the lending sector continues to suffer.
£605 million awarded to areas with long term housing plans
The government has announced a £605 million allocation for 163 local authorities with growth point or growth area status in response to the long term need for more housing.
HSBC offers £15 billion of home owner loans - FT
HSBC has announced plans to make £15 billion of loans available to home owners next year, reports have said.
Bellway selling 50 to 60 homes per week
Bellway’s interim management statement released yesterday (December 4) made for gloomy reading as the housebuilder stated that it had been selling just 50 to 60 homes per week.
House prices fall again but market could be close to bottom - Halifax
House prices dropped another 2.5% in November but, according to Halifax, there are indications that housing market activity may be bottoming out, “albeit at a low level.”
Government offers mortgage lifeline
The government yesterday (December 3) unveiled a scheme that will defer interest payments on mortgages for those who have lost their jobs or have taken a significant pay cut.
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