I still can't believe that people are hoping there still isn't gonna be a housing crash with so much evidence pointing towards one. Eddie George(ex-gov BofE) said some months back that the house boom was created to stave off a recession.
FACT:Our economy doesn't produce, it's false & pretenscious.

Pete, Leeds, United Kingdom

People, can we stop all the denial. A lot of people are in financial meltdown & it's not fair to give them false hope

The stats speak for themselves. A lot of them are the worst on record & we are only at the start of the crash cycle

Banks aren't lending as much because they know what is coming!

Richard, Ipswich,

The money from BofE currently is expected to take at least 6 months to get to lenders as it will take all this time to get through solicitors.

Funny that the money will be sitting in their high interest accounts during this time!

David, Norwich,

It looks like the £50 billion was a drop in the ocean.I think a more realistic figure needs to be around the £0.5 trillion mark.Where this money is going to come from is anyones guess.

stephen hulton, eure, france

When GB took office at no.11 in 1997, his favourite mantra was 'I will put an end to the boom & bust Britain seen under the Conservatives'.
He has since presided over one of the worst housing booms in living memory, during which time he, the FSA & the BoE did nothing to regulate the banks .

Guy Sanftleben, London, UK

And Brown thought he had beaten the "Boom and Bust" cycle! Try hard as he may, he's got nowhere to hide now.

Lal, Cambridge,

Mark Connelly is right, there will be people who have to sell but those who dont have to realised they are better off staying put or renting out their houses and benefiting from high rents. I'm afraid that if there is a significant fall there are plenty of investors lined up to get the best bargains

phil, harrogate,

"The housing market is stalling because of a lack of mortgages available to new buyers. "

No...stalling as houses are completely over valued

"demanding larger deposits from first-time buyers"

No... deposits are now normal rather than the irresponsible 100% or more mortages of recent years

Mark, Basingstoke, UK

Its sad that British bankers seem to have followed the stupidity of their American cousins -throwing money about willy nilly. The treasury bails them out and they decide to recover their losses by doing over the average citizen. Imagine if they had to make up the losses from their own pockets!!

Jason Pearson, Toronto, Caanda

That is how every crash in history has happened. i.e. no one can sell. Lots of people don't have an option but to sell. Others follow the herd over the cliff. There are plenty of people who will buy once the price is right.

Or are you denying that there has ever been a crash at any time?

Alex, Salisbury, UK

All the talk is about 'approvals', I wonder how many mortgage applications were 'not approved'?. The reluctance of the lenders to release funds now is causing a back-log which one day will burst and cause house prices to rocket as new houses are not being built & demand will exceed supply - again!

David Harrison, Grantham, Lincs

A significant correction or fall of house prices is unlikely to happen within the UK I remember reading. "A shortage of affordable housing" and "high employment" were the reasons that the UK should escape any potential downturn. Urmm!

charlie, wolverhampton, UK

No, the housing market is stalling because prices are far too high. Bring on the crash, so normal people can afford a home to raise their families. Hooray!

Davie P, London,

How do you propose to cause a crash if no one can sell? If people choose not to sell then no crash. Although given the hysterical forecasts and headlines it's easy to see why people are selling.

mark connelly, surbiton, england

Can somebody please explain what has happened to the £50 billion that the Bank of England ( ie us) handed over to the banks a few weeks ago to get them out of the mess?

Simon, Londonderry, Britain

I thought the idea of the Bank of England lending billions to the mortgage lenders was to make things easier for borrowers. If not, it would appear that the BofE has lent money just to improve the bottom line of the mortgage lenders.

David Leslie, Perth, Scotland

Congratulations to Calamity Brown. Having allowed the housing boom he is now overseeing its decline. That is what is called "Boom and Bust" which of course according to Govt we had go rid of due to the brilliance of the ex-Chancellor. Spin has increased so much that revolution per day is suitable

M. Cawdery, CRAIGAVON, Co. UK, EU.