There were lots of positives last week with numerous rate cuts and the CML raising its gross lending prediction to £140bn. Also, Northern Rock has tweaked its mortgage offering in response to broker feedback


Hero of the week is Barclays which has reduced rates for the fourth time in six weeks. It has cut its lowest two-year fixed to 2.98% for loans over £250,000. And there is now an offset tracker at 2.79% for loans over £200,000.

Villain of the week are the factors that have driven two out of three 20 to 45 year olds to give up on home ownership. This is a terrifying figure we should work hard to prove wrong. A generation locked out of the housing market is not good for the UK.