The UK economy grew faster than previously thought in the second quarter, after the Office for National Statistics (ONS) revised its previous estimate from 0.4% to 0.5% between April and June

Almost nine in 10 (88%) landlords are concerned about the 2% rise in income tax rates applying to all rental income from properties held in personal names, with many calling on the government to resist imposing further costs, Pegasus Insight has revealed

Approvals for both purchases and remortgages fell again in August, with mortgage borrowing and consumer credit borrowing rising from the previous month, according to the Bank of England’s latest data.

The central banks' Money & Credit statistics for August found that net mortgage approvals - an indicator of future borrowing - for house purchases fell to 54,900 from 55,900 in July and were below the six-month average of around 60,100

The government has confirmed that a new equity loan scheme, Your First Home, will be introduced at next month’s Budget, with the aim of helping more people achieve homeownership.

The scheme is set to tackle the deposit barrier for first-time buyers by introducing 2.5% deposits, alongside 20% government-backed equity loans, for those purchasing a new-build property from a developer signed up to the scheme