A quarter worried about having their home repossessed
Which? is calling for the Treasury to put tougher obligations on banks taking part in the Funding for Lending Scheme as new research finds half the population are worried about mortgage rates and a quarter (26%) of people with mortgages fear having their home repossessed.
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CML reports fall in mortgage possessions
The number of mortgage possessions in the second quarter of 2012 declined, according the Council of Mortgage Lenders.
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CML reports repossessions stable, arrears falling
The number of repossessions in the first quarter of 2012 was 9,600, the same as in the first quarter of 2011, breaking the recent trend of year-on-year increases in repossessions, according to the Council of Mortgage Lenders.
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Shapps: Tackling record deficit has helped keep repossessions down
The Government’s commitment to tackling the record deficit is keeping interest rates at a record low and a secure roof over the heads of millions of hard-working homeowners, Housing Minister Grant Shapps has said.
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Housing Minister Grant Shapps has announced a new £20 million safety net to help ensure that mortgage repossession remains the last resort for struggling homeowners.
New research released today by the housing and homelessness charity Shelter reveals the nation’s repossession hotspots which shows the places in England with the highest proportion of homeowners who have been issued with a possession order for their home, and are therefore at serious risk of repossession.
Repossessions for second-charge mortgages were down by 41.1% in 2010, compared with 2009, according to latest figures released today from the Finance & Leasing Association (FLA).
A housing market recovery may lead to an increase in the number of repossessions as lenders enforce suspended possession orders after previous leniency, according to the Consumer Credit Counselling Service (CCCS).
House price growth remains stable across most of the UK, although prices in London are increasing and prices in Northern Ireland are falling.
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.
