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Disposable income hit hard by rising mortgages and energy bills

(04/07 08:59 - Guardian Unlimited)
UK households are 15% worse off than 5 years ago as rising food and oil prices put the squeeze on household incomes, a report out today said.

Mortgages: Bank of England warns credit squeeze will tighten

(04/07 08:55 - Guardian Unlimited)
Britain's consumers and businesses are gripped by an ever-tightening credit crunch as banks withdraw mortgage packages and tighten lending conditions, the warned yesterday.

Bradford & Bingley shares tumble after TPG walks away

(04/07 08:32 - Telegraph)
By Katherine Griffiths, Financial Services Editor Bradford & Bingley shares tumbled this morning after US private equity firm Texas Pacific Group walked away from a deal to inject money into the bank, forcing the ailing lender to fall back on

B&B confirms new cash call plans

(04/07 08:11 - BBC)
Bradford & Bingley relies on the buy-to-let market to boost earnings Bradford & Bingley has confirmed that its plan to raise £400m has been rescued after an investor pulled out of a deal to buy a stake in the UK bank.

TPG pulls out of B&B rescue

(04/07 06:04 - FT Alphaville)
Bradford & Bingley?s largest shareholders on Thursday night stepped in to rescue the ailing mortgage lender after TPG Capital, the US private equity group, pulled out of a £400m capital increase.

Mortgage availability set to worsen

(04/07 05:05 - London Stock Exchange)
Mortgage lenders are set to make home loans even harder to secure amid continued strain in the money markets, a new survey suggests.

Mortgage lenders pressure customers to buy home insurance

(04/07 03:38 - Fair Investment Company)
A significant number of mortgage customers feel pressured into buying the home insurance policies offered by their mortgage provider, research from Gocompare.com has found.

House prices worst fall for 16 years

(04/07 02:23 - Bridging and Commercial)
The month of June saw house prices fall for the 8 month in a row. This drop was the worst drop in 16 years and the housing slump is said to outdo that of the nineties. Lender Nationwide revealed that prices fell by almost 1% in the past month.

IMLA: Brokers 'more important than ever'

(04/07 02:23 - Bridging and Commercial)
In its market statement the Intermediary Mortgage Lenders Association (IMLA) has claimed impartial advice from intermediaries is playing an important role in the mortgage market.

Recession: TPG uses credit rating doubts to pull out of B&B fundraising

(04/07 02:19 - Guardian Unlimited)
TPG decided to use a get-out clause that allowed it to pull out of the financing . Photograph: Darren Staples/Reuters The private equity house TPG pulled its capital injection into last night after the buy-to-let lender faced a downgrade in its

Banks bail out Bradford & Bingley after TPG walks away

(04/07 02:14 - Telegraph)
By Katherine Griffiths Financial Services Editor Texas Pacific Group has walked away from a deal to inject cash into Bradford & Bingley, forcing the stricken bank to fall back on investors for an emergency cash injection.

Barratt to cut 1,000 jobs as housing crisis hits

(04/07 01:34 - The Independent)
Search Search Go Independent.co.uk Web Bookmark & Share Barratt Developments is to axe 1,000 jobs, almost 15 per cent of its workforce, as the embattled builder attempts to slash its costs in the face of the housing crisis.

B&B rescued after investor pulls out

(04/07 01:34 - The Independent)
Search Search Go Independent.co.

TPG uses credit rating doubts to pull out of B&B fundraising

(04/07 00:55 - Guardian Unlimited)
TPG decided to use a get-out clause that allowed it to pull out of the financing . Photograph: Darren Staples/Reuters The private equity house TPG pulled its capital injection into last night after the buy-to-let lender faced a downgrade in its

Households 15 pct worse off than 2003

(04/07 00:43 - Reuters UK)
(Reuters) - The average household is now 15 percent worse off than it was five years ago, according to Ernst & Young's Annual Discretionary Income Study released on Friday.

G rant Bovey talks with HBOS on Imagine Homes restructure

(04/07 00:34 - Telegraph)
By Jonathan Russell and Helen Power HBOS has started a strategic review of Grant Bovey's struggling buy-to-let business Imagine Homes.

Banks must stand by loyal customers in these tough times

(04/07 00:32 - Telegraph)
By Richard Fletcher 'Some of the big five UK banks appear to be behaving worse than others...

Tax issues of renting out a UK home

(04/07 00:18 - BBC)
Money TalkBy Leonie KerswillTax partner at PricewaterhouseCoopers LLPLeonie Kerswill warns about the tax implications of renting out propertyAs the summer season brings a multitude of festivals and sporting tournaments, people living near events such

Worse to come on UK credit front

(04/07 00:04 - Glasgow Herald)
The credit squeeze has tightened its grip on UK households and businesses, and conditions are likely to get even tougher in the months ahead, the Bank of England warned yesterday - adding to a growing body of evidence that the economy is on the road

Families turn to loans and credit cards to cover mortgage bills

(03/07 23:56 - The Times)
More than four million households have resorted to personal loans or credit cards to cover mortgage or rent payments in the past year. The financial comparison site Moneysupermarket.

Better to burn out than to fade away

(03/07 23:20 - The Times)
The credit squeeze is painful and will get worse. There's barely a crumb of comfort to be had from the Bank of England's latest credit conditions report.

Housing equity withdrawal levels hit 7-year low

(03/07 22:33 - City A.M.)
The amount of money homeowners are borrowing against the value of their homes slumped in the first quarter of 2008 to its lowest level since 2001.

Capital injection in balance as Bradford & Bingley braces for credit downgrade

(03/07 21:49 - Guardian Unlimited)
Private equity house TPG was tonight deciding whether to proceed with a crucial capital injection into Bradford & Bingley after the buy-to-let lender faced a downgrade of its credit rating by Moody's Investors Service.

Freddie Mac fundraising to follow results

(03/07 21:45 - City A.M.)
Shares in mortgage lender Freddie Mac tumbled as it indicated it would unveil its planned fund raising after its next results announcement. The mortgage group had previously suggested it would raise $5.5bn in the middle of the year.

'Fears of collapse' at Taylor Wimpey

(03/07 21:22 - Daily Express)
TAYLOR Wimpey shares plummeted more than 40 per cent yesterday amid fears the failure of a ?500million rescue fundraising had left it at risk of collapse.

Consumers use loans and credit cards to bridge the mortgage gap

(03/07 21:10 - Fair Investment Company)
Consumers are being forced to live on credit as the cost of living skyrockets, with approximately 4.1million households using credit cards and loans to bridge the gap between income and outgoings.

Nationwide unveils first broker sales force

(03/07 20:15 - Mortgage Solutions)
Nationwide Building Society has launched its first ever broker sales force in a bid to strengthen its presence in the intermediary market.

Credit crisis: mortgage conditions set to get worse, says Bank of England

(03/07 19:59 - Telegraph)
By Harry Wallop and Myra Buttwerworth Banks and building societies are expected to squeeze home buyers even more over the next three months, according to an authoritative report.

Credit crisis: How safe is your bank?

(03/07 19:59 - Telegraph)
Page 1 of 3 Treasury bids to boost confidence as savers go on strike.

Barratt Set To Cut 1,000 Jobs

(03/07 19:37 - Sky News)
jobs are expected to be axed at housebuilder Barratt Developments as it struggles with a slowing housing market.

Britains sinking economy

(03/07 18:41 - The Economist)
THE portents are increasingly gloomy. More and more signs are pointing to a punishing slowdownwith a recession looking likelier by the day. After 16 years in which Britains GDP has grown without halt, a downturn will come as a painful shock.

RBS Intermediary Partners launches fixed rate deals

(03/07 18:20 - Mortgage Strategy)
Send to a colleague Print details Add your comment RBS Intermediary Partners will add two fixed rate products to its portfolio tomorrow. The lender calls it a refresh of its range across RBS, NatWest and First Active.

Insurer helping borrowers protect against rate rises

(03/07 17:55 - Money Marketing Online)
MarketGuard has designed an insurance product to protect borrowers from rising interest rates. The company says its interest rate insurance is the first product of its kind to get regulatory approval.

I'm Not Buying Banks

(03/07 16:43 - Motley Fool UK)
The banking sector is down by nearly half in the past year, but is this a good buying opportunity? A lot of money will be made by anyone who can correctly time an entry into the banks, but for the moment I'm staying clear of it.

Barratt to axe 1,000 jobs as housing sector crisis deepens

(03/07 16:26 - Birmingham Post)
Troubled housebuilder Barratt Developments (BDEV) has announced it is to axe 50 jobs from its office in the West Midlands as the crisis in the housing sector deepens.

- House prices slump in city

(03/07 16:24 - Glasgow Evening Times)
HOUSE prices in the Glasgow area have dropped by thousands of pounds in recent weeks because of a slump in the residential property market.

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