Barratt warns BoE against limiting mortgage availability

The chief executive of Britain's largest house builder has urged the Bank of England not to restrict lending because it would hit "young people who are trying to get onto the housing ladder".

Mark Clare, chief executive of Barratt Developments, told ITV News he was concerned that limiting mortgage availability would force young people back into rented accommodation.

His comments came after interest rates were today kept at 0.5% despite growing calls for the Bank of England to act after housing prices jumped 9% in the last year.

Advertisement

Government concerned by estate agent 'double charges'

The Government has told ITV News it is "concerned" about the emerging practice of what it calls "double charging" by estate agents.