Hung Parliament

We have a hung parliament and it is not an ideal situation by any means.

More than any other time Britain needs a strong united government.

David Cameron is to set out plans to form a "stable" government, after the Tories won most votes but not an overall majority.

With results still coming in, the Tories have 294 seats in a hung parliament. He will say he plans to govern "in the national interest".

Nick Clegg, leader of the third biggest party the Lib Dems, said the Tories had the first right to seek to govern.

But Labour leader Gordon Brown is also hoping for a deal with the Lib Dems.

Under the rules of Britain's constitution, the sitting prime minister in a hung parliament has the right to make the first attempt at forming a ruling coalition.

As counting continues the Tories have gained 93 seats, Labour have lost 87 and the Lib Dems five, despite hopes of a breakthrough for the third party.

We will watch and wait with interest to see what the next few days will bring, both for the Country and for the housing market.