Bank to supervise housing plans
George Osborne is to give the Bank of England a greater check over the government's Help to Buy scheme to ensure it does not fuel a housing boom. The Bank will make annual reviews, rather than every three years.
House prices rise 'at fastest level for three years'
House prices rose at their fastest annual pace in more than three years in September as the market revival spread across the UK, Nationwide has reported.
For the first time since 2007, all 13 UK regions have seen annual house price growth, in signs that "the pick-up is becoming increasingly broad-based", the building society said.
The annual rate of house price increases rose to five per cent across the country, marking the strongest rise seen since July 2010.
Prices are also up by 0.9 per cent month-on-month, following a 0.7 per cent monthly increase seen in August, meaning the typical UK home is now worth £172,127.
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