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Figures showing August mortgage activity have been released and show that lending was down 5% from July and down 3% from August 2009 in regards to loans granted to first-time homebuyers.

Research shows that the most significant issue in the UK housing market is the plight of those trying to buy a home for the first time.

First-time property buyers are finding it more difficult to get on the property ladder, due to the hardship of raising the funds needed for the huge deposits required.

For the first time this year, home sellers lowered asking prices, according to Rightmove, a property website.

So far in 2011, 382,000 UK homes have sold, which is down from 407,000 homes sold in the first six months of 2010.

Barclays, the UK bank has reported a 9% fall in pre-tax profits for the first three months of the year to £1.66bn.

Higher UK postage prices have come into force –with the result that a first-class stamp now costs 46p.

A report from the Office for National Statistics (ONS) showed an unexpected drop in retail sales in the UK in August, which was the first time retail sales has dropped since January.

the month of July, first-time home buyers found their share of the mortgage market at the lowest level seen in three years.

Complaints filed with the Financial Ombudsman Service (FOS) increased by 2,076 in the first half of 2010, compared to the number received in the preceding six months.

The Institute for Fiscal Studies (IFS) announced that the poorest families are the hardest hit by the first budget put out by the coalition government.

During the first annual energy statement delivered to Parliament, Energy Secretary Chris Huhne estimated a significant increase in energy bills for businesses over the next 10 years.

Bankruptcies in the UK are on the rise, with figures showing a distinct increase in the first quarter of this year in the number of residents of England and Wales trying to be declared bankrupt.

UK residents can expect to see many changes as the government undertakes its reforms. One of the first reforms includes a change in the pension age, which is scheduled to go from 65 to 68.

During the first three months of 2010, unemployment in the UK increased by 53,000; bringing the total to 2.51 million.

The number of people in the UK who are of working age and who are not currently working increased by 110,000 during the first quarter of this year, ending in a record high of 8.16 million.

Bad debts have reached significant, historic highs and average borrowing has increased 5% per credit card, surpassing £1,000 for the first time ever.

In this first of 2 articles about Sell and Rent back FAQ's, we've compiled our most frequetly asked Sell to Rent questions. The next Sell and Rent back FAQ article will folllow next week.

Recent news about the Land Registry putting up its fees for the first time since 1993 is bringing even more disappointment and stress to people looking to sell home fast.

The amount of mortgage deals on offer to borrowers has suddenly dropped, after rising towards the end of last year. 

Due to would-be property buyers struggle to find mortgage finance in the current economic climate, the gap between demand and supply in the housing marking will continue to widen, resulting in further gain in rents.

For many consumers, obtaining mortgages with higher percentage rates is next to impossible, especially at the lower rates advertised.

Since 1923, the number of new houses built in 2010 was the lowest ever.

Peak house prices and competitive lending conditions in 2007 have left many borrowers in negative equity, It is calculated that in June 2011 over 827,000 loans are in negative equity, of which nearly a third are from loand taken out in 2007.

Potential buyers in most of the UK are discouraged to purchase a property due to lenders demanding large deposits.

It is predicted by the CML that 40,000 people will lose their homes this year.

Figures suggest that some UK residents are saving less these days, due to increased outgoings, such as higher household bills.

A Halifax poll, which included 4,000 non-homeowners as the respondents, shows that two-thirds of young adults who do not own a home believe they will not be able to get on the property ladder.

A recent report put out by Deloitte, a financial services firm, warns that UK households will face a decrease in disposable income of approximately £780 this year.

Amazon has reported a sharp drop in quarterly profits as the cost of investing in new business overshadowed a big jump in sales.

According to new figures from industry body SMMT, sales of the new 11-plate cars were down in March in comparison to the same month last year

As usual, it's the people who can afford it the least who are being hardest hit by the recession.

Will inflation rates ever come down again? In January, the UK Consumer Prices Index stood at 4%; today it stands at 4.4%.

According to a report by the Halifax, UK house prices fell by 0.9% this February, compared with last month, cancelling out a rise in January.

A research group recently predicted that house prices in the UK will fall by another 1.7% in 2011.

More bad news for the unemployed: a recent survey discovered that employers expect the highest level of redundancy since 2004.

Unemployment is on the rise in the UK once again, reaching 2.5 million (7.9%) in October. This resulted from an increase of 35,000 during the previous three months.

Data from two recent surveys shows that the rental market is under pressure and that average costs are on the rise.

A recent study shows that 38% of people support increasing taxes for private landlords and those who own second homes.

According to the Institute for Fiscal Studies (IFS), the UK is facing the “longest, deepest, sustained period of cuts to public services spending at least since World War II.”

According to the Royal Institution of Chartered Surveyors, house prices are beginning to fall again.

For some time now, lenders have been criticized about payment protection insurance (PPI) and the manner in which some of these policies have been sold.

Official figures show that new public sector borrowing in the month of June was higher than expected.

Fewer UK-listed companies issued profit warnings in the second quarter of this year, with only 45 firms issuing warnings between April and June, according to Ernst & Young.

The Halifax reported a slight drop in housing prices for the early summer, as compared to the beginning of the year.

New tax rules regarding Capital Gains Tax will hit higher rate tax payers particularly hard.

The rate of unemployment in the UK continues to rise, with 2.47 million UK residents unemployed as of April.

New restrictions on benefits for expectant mums and new parents are poised to make raising children significantly more expensive.

For the second year in a row, university graduates are facing lower expected graduate salaries.

The effects of the recent recession are still being felt as financial pressures force the NHS to put a hold on proposals to provide no-cost prescriptions to England residents.

A survey conducted by High Fliers found that university students do not feel secure in their career options after graduation.

Although private sector final-salary pension schemes in the UK saw a surplus in March, they had fallen back into deficit by the end of the month of April.

According to figures released by HM Revenue & Customs (HMRC), the amount paid into stakeholder and personal pension plans dropped by £1.1 billion (5%) during the recent recession.

It is no secret that the cost of housing has risen significantly over the past 50 years, even taking into account the last few years decreases

Mortgage advisors have warned of shortfalls in the amount available for lending, due to a lack of funds from mortgage companies.

According to the accountancy firm PricewaterhouseCoopers (PwC), 9% of all total outstanding debt balances will be made up out of credit card debt by the end of the year 2010.

In this market of fewer fast house sales, repossessions are increasing.  Before taking back your home, a lender must prove a few things during a repossession hearing.  

Since 1 July 2009, The Sell and Rent Back Sector is now regulated by the Financial Services Authority, the same industry regulator for mortgages, banks and share trading.

As further evidence showing that the UK is hardly alone in the current economic crisis, reports indicate that home prices around the world have dropped in the first quarter of 2009.

For those looking for quick house sales, it seems another house price index comes out every week. Here is a quick description of the main 4 indices, useful for those wanting a quick home sale.