In parliament yesterday Alistair Darling announced some changes that were aimed at stimulating lending back to the levels we saw in 2007. Despite the £37 billion Government bailout, that occurred during October, lending remains at a third of the levels seen in the previous year. The interest rate cuts announced on the 5th December 2008 [...]

The slump in the housing market has reached a suitable low to attract interest from bargain hunters. In November the Royal Institution of Chartered Surveyors (Rics) reported a rise in buyer enquiries, although these enquiries are yet to be seen in actual sales with the lowest volume of house sales recorded for around 30 years [...]

During November we saw the lowest volume of houses sold for 30 years marking the fact Britain is now in deep recession.
The squeeze on lending coupled with falling house prices, low confidence and uncertainty in the employment market is causing the lack of property sales.
Falling property prices are great for first-time buyers and investors that [...]

HSBC Holdings has revealed that it will increase lending to UK homeowners by 18% in 2009. This will be a welcomed announcement by the Government who are putting banks under pressure to boost lending.
HSBC have £15 billion in the pot to lend to UK mortgage seekers in 2009, this is up on the £12.8 billion [...]

The Bank of England has once again cut interest rates in a hope to stimulate the property market, but it still may not be enough. The cut in interest rate was welcomed throughout the property industry but analysts believe this won’t be enough to stimulate the market. 
The interest rate was cut by 1% making the [...]