The construction activity index rose more than expected helped by a surge in house building in the UK.

As fears of a house price bubble loom, Governor Mark Carney stops mortgage lending offered by the Funding for Lending scheme.

Soaring demand from homebuyers exceed the supply of properties is creating a housing crisis with rising prices.

The Treasury Select Committee has asked the Bank of England to clarify its Help to Buy role as property prices rise.

The Council of Mortgage Lenders has warned the government’s Help to Buy scheme could become another US mortgage crisis.

UK house prices have risen to their highest levels according to the Office of National Statistics (ONS).

There has been an increase in demand for homes with more loans especially from first time buyers in August.

The second phase of the Help to Buy scheme launched by the government is likely to see mortgage costs at 5%.

The Bank of England has confirmed the number of mortgages approved is at the highest level for the past five-and-a-half years.

David Cameron has promised to launch the Help to buy scheme with mortgages up to 95% loan to value.

To reduce the cost of repayment mortgages, first time buyers are opting for longer terms of up to 40 years.

There is concern that the proposed Help to Buy Scheme will cause the housing market to overheat.