Mortgages

Nationwide Building Society will stop selling new interest-only mortgages next week, which is another hammer blow for borrowers looking for such home loans.

House prices continued to edge lower last month and the market is expected to remain subdued but stable into 2013, mortgage lender Halifax said today.

Hundreds of thousands of Santander customers will be hit by hikes to their standard variable mortgage rate (SVR) from today.

House prices slipped back by 0.4% in September, Nationwide says today, although it adds the housing market remains relatively stable.

The proceeds of selling off 4G mobile phone licences should be used to "kick-start the economy" by building 100,000 affordable homes and funding a tax break for first-time buyers, shadow chancellor Ed Balls will say today.

Young people struggling to buy their first home will be able to unlock their parents' retirement funds to help secure a mortgage, under controversial plans unveiled by Nick Clegg.

Private rents have soared for the fifth month in a row to reach a new high as pressure on the sector continues to be ramped up, a study has found.

A Government scheme aiming to help people with smaller deposits buy a new-build home has been scuppered by lenders' high rates, a major builder said today.

Loans for home purchases slumped by 8% last month as lenders clamped down on mortgages for those with small deposits, according to research today.