Lloyds TSB and Cheltenham & Gloucester (C&G) have confirmed they will cut new mortgage rates this week following the Bank of England's decision to cut the base rate to an historic low of 1.5%.
Mortgage approvals continued to dive in October and are now 75% down on this time last year, official statistics suggest.
The number of live mortgage products has dropped to its lowest level in five years, statistics suggests.
Prime Minister Gordon Brown has hinted he will make reforms to mortgage and small business lending rules.
The number of mortgages available in the UK has fallen by 11% in just one day, according to Moneyfacts.co.uk.
House sales in June this year were 56% below the corresponding month in 2007, statistics from the Land Registry reveal.
Advisers will be able to compare mortgage and secured loans with a new function on Orbiter's online sourcing and compliance system.
IFAonline has received a massive reponse to a recent poll on mortgage affordability with the vast majority saying it is difficult to assess a client's outgoings.
Mortgage advisers are bracing themselves for a continued slump in business over the next three months despite reports the market is levelling out, research by Legal & General (L&G) suggests.
More than a quarter of a million consumers have searched for details of independent financial advisers during the first half of 2008, according to Unbiased.co.uk.