The housing market continued to be subdued in July, as demand for mortgages failed to match seasonal expectations, according to the CML.

Building society mergers and takeovers will continue but at a slower pace and driven by executive ambition not business distress, according to KPMG.

A Norwich letting agent has admitted stealing more than £143,000 in cash from clients of the company he ran.

Mortgage lending in July was little changed month-on-month but significantly above analysts' forecasts, the latest Bank of England figures show.

A second recession could be on the way warns Dr Martin Weale, the newest member of the rate setting Monetary Policy Committee (MPC).

The difference between the rates charged for fixed rates and lifetime mortgages has widened significantly in the last two years, according to a report.

Lloyds Banking Group is set to pull Bank of Scotland Ireland (BoSI)out of the country and cease all lending there by the end of the year.

Gross mortgage lending jumped 5% in July to an estimated £13.6bn, from £12.9bn in June.

Advisory firms are being encouraged to sign up now to the FSA's Online Notifications and Applications tool to vary authorisation permissions or qualify as an approved person.

Coventry Building Society has announced ITL Mortgages, the intermediary subsidiary of Stroud & Swindon Building Society, will close to new business when the two societies merge on 1 September.