| From Telegraph: The figures led to widespread calls for an interest rate cut as early as next week to reinvigorate the housing market. According to the Bank of England, mortgage lending in August fell by 95 per cent compared to the previous month - a drop fuelled by uncertainty over falling house prices and speculation over a possible stamp duty holiday.
There was further misery for homeowners yesterday when a series of lenders indicated they would be raising interest rates due to the turmoil in the money markets..... Full Article: Source
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