A fifth of mortgage holders in the UK would be unable to repay their mortgages, so says The Money Advice Service, if and when the expected interest rate rise occurs. The public advice body released the results of a survey Read more…
The Financial Conduct Authority (FCA) is set to tighten the rules on acquiring a second charge loan, otherwise known as a second mortgage. This somewhat niche financial product is used to borrow money secured against the equity you own of Read more…
The UK’s eyes are going to be fixed on Scotland next week as they vote on whether to break away from the rest of the UK and become independent or to stay put.. One thing to consider is how mortgages Read more…
5 year fixed mortgage rates have dropped to their lowest level in months, finally dipping back below the 3% mark. The charges for 5 year fixed rate variables had slowly been climbing due to an expected rise in interest rates. Read more…
A Russian lender has created a great publicity stunt to convince people to get a mortgage with them by offering a free cat when you buy a mortgage product. Everyone loves cats, the internet has enough videos to prove that, Read more…
The Bank of America is in trouble with regards to mis-selling mortgages. Breaking records, the bank has agreed to pay out $16.65 billion (£9.9 billion) in order to settle charges set against them as a result of their mortgage selling Read more…
This year, the number of homes repossessed throughout the spring fell, according to figures by the Council of Mortgage Lenders (CML), but there are fears this will rise again in the face of rising interest rates. 5,400 homes were repossessed Read more…
Property sales hit a seven year high last month, according to the LSL House Price Index. Sales were up by 21% in July 2014 compare to the same time last year, and an increase in 10% from the June 2014, Read more…
Building societies could be the ones picking up the slack when the second phase of the government’s Help to Buy 2 Mortgage Guarantee scheme draws to an end in 2016. The Family Building Society based in Epsom has recently opened Read more…
A report has warned of new housing market struggles that could be on the horizon. The Resolution Foundation aims to improve the living standards of the 15 million people in Britain on low and middle incomes, by doing research and Read more…