Borrowers face tougher scrutiny

Borrowers face a mortgage affordability test from lenders amid plans by the Financial Services Authority (FSA) to step up the regulation of home loans. Self-certification mortgages will be banned under the proposals with lenders required to verify borrowers' incomes. FSA chief...


September House Prices

House prices rose to their highest level in a year in September and there was the first increase in house-building in nearly two years, but this was not enough to stop an overall decline in construction activity. Moreover, economists warned that the recovery in house prices from...