Twice as many mortgage holders save rather than reduce debt
Despite recent research showing that overpaying on a mortgage offers better longer term rewards than saving, twice as many mortgage holders save regularly rather than pay down their debt according to new research from online bank first direct.
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84 per cent increase in people struggling to pay the rent
Debt advice charity helpline National Debtline has received an 84 per cent increase in the number of people calling for help with rent arrears since the onset of the credit crunch back in 2007.
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A joined-up approach is needed to help mortgage borrowers in difficultyThe Building Societies Association (BSA) is urging the Government, the industry and consumer groups to work together to help prevent home repossessions.
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Debt charity sees rise in renters worried about eviction
The UK’s leading debt charity, the Consumer Credit Counselling Service (CCCS), has seen a dramatic rise in calls from people in rented accommodation seeking help with eviction.
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More than 1 million householders have used credit cards to pay their mortgage or rent in the last 12 months, a new survey by Shelter reveals.
Savills has named the top 12 lenders for the UK property market this year. Of this, eight are German banks and only two are UK lenders.
A planned scheme from the Government to prevent people from losing their homes if they are hit by a sudden drop in income has been delayed until April.
Gordon Brown has announced new plans to help those affected by the downturn to defer part of their mortgage interest payments for up to two years.
Latest research from Halifax shows the ability of key public sector workers to purchase their own home continues to improve and is approaching the level achieved ten years ago before the house price boom.
New evidence supports Yorkshire Building Society’s findings that more borrowers are choosing to fix their mortgage for the longer term as economic conditions remain uncertain.
Latest research from Halifax shows the ability of key public sector workers to purchase their own home continues to improve and is approaching the level achieved ten years ago before the house price boom.
Research commissioned by specialist buy-to-let lender Paragon Mortgages, has shown a significant regional shift in the rental yields achieved by landlords.
