BBC NEWS | Business | UK house prices '30% overvalued' UK house prices are 30% above their long-term sustainable level, according to the National Institute of Economic and Social Research (NIESR).

BBC NEWS | Business | UK consumer debt hits ?1 trillion The Bank of England (BoE) has said that consumers owe more than £1,000 billion pounds on cards, mortgages, and loans.

Reuters: House prices could fall sharply House prices are overvalued after a recent boom and could fall sharply, a Bank of England official says, also signalling that interest rates will probably have to rise further.

Independent: Buy-to-let disaster looming, warns A&L chief The chief executive of Alliance & Leicester yesterday warned that investors who have ploughed money into specialist mortgages such as buy-to-let deals could be heading for "disaster".

BBC NEWS | Business | Pay rises now trailing inflation While UK pay increases have stayed at 2.9% for the past three months, headline inflation is now 3%, said analysts Industrial Relations Services.

Times Online - Britain: Property prices fall as interest rates bite
HOUSE prices have fallen across many parts of the country this month, triggering a small drop in the average national price for the first time this year.

Scotsman.com News - Opinion - House-hunters' woes go through the roof I COUNT myself lucky that I bought a flat when I did. If I was, say, five years younger (I wish), I’d still be so saddled with student debts that I’d be struggling to buy a fox-proof rabbit hutch.