Britain’s financial regulator warned this morning that lenders in the UK may be in danger of over exposing themselves with mainstream house mortgages reaching five times income. The Financial Services Agency (FSA) warned that lenders need to be sure that they can cope with the consequences of a potential housing slump. The FSA’s worry...
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According to the latest report from the Royal Institution of Chartered Surveyors (RICS) house prices have increased by their fastest rate for four years, led by London increases. In its monthly survey RICS said that the number of members reporting rising prices versus falling prices had increased to 48 percent for October, an increase...
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