Banks and building societies were criticised by the consumer group Which? for increasing interest rates on those with standard variable rate...

Council of Mortgage Lenders release figures of a worrying 15% increase by borrowers struggling to stay afloat.Studies carried out have shown...

U.K. gross mortgage lending grew at a slightly faster pace in March but remained subdued, industry data showed Wednesday, suggesting that the...

UK's major banks say mortgage lending at 8 1/2 year low in January Mortgage lending in Britain hit the lowest level in 8 1/2 years in January at 8 billion pounds ($12.4 billion), major banks reported Tuesday.The ...

UK mortgage lending rises in July for 2nd straight monthU.K. mortgage lending rose significantly in July for the second straight month but the market is likely to remain subdued for some time, the Council of Mortgage Lenders said Monday.The number ...

UK gross mortgage lending rises 17 percent in June from MayGross mortgage lending in the United Kingdom rose by 17 percent in June compared to the previous month but still lagged at about half of year-ago levels, the Council of Mortgage Lenders ...

The number of homes repossessed last year jumped by more than 50 percent to reach a 12-year high as the financial crisis left home owners unable to pay their mortgages, industry figures released on Friday show.A total of 40,000 properties ...

UK house prices will fall 10 percent in '09, leading surveyors' group predictsHouse prices in Britain will fall 10 percent next year as banks rein in lending and buyers are deterred by the economic slowdown, a leading surveyors' group forecast Wednesday.The ...

British home repossessions rise 12 percent in 3Q compared to the previous quarterHome repossessions in Britain jumped 12 percent to 11,300 in the third quarter from the previous quarter, the Council of Mortgage Lenders said Friday, more evidence that the financial ...

Homebuyers and lenders who fuelled the 1980s housing boom were great devotees of the free market -- until October 1991, when the Council of Mortgage Lenders came up with a remarkable suggestion to help struggling borrowers on whom a couple of years earlier ...