Financial market turmoil poses risks for the housing market

Nationwide Building Society said that the US sub-prime crisis has created turmoil in international financial markets, but this is unlikely to have a significant additional effect on the rate of growth of house prices in the UK in the short term. [more]

Mortgage lending growing strongly

Gross mortgage lending reached a new record for the month of July, totalling £34.4 billion, according to new data from the Council of Mortgage Lenders. [more]