Housing crisis solution needed - Mortgage volumes

The amount of mortgage money drawn down will drop by almost a third in the last three months of this year, compared with the same period in 2014, according to the Association of Expert Mortgage Advisors, whose members account for half of all mortgage business nationwide.

If that turns out to be the case, it can only make our current housing crisis even worse.

There has already been huge increases in private rents, much of it as a result of prospective first-time buyers being unable to save the sizeable deposits now necessary under tighter lending restrictions.