Items tagged with: mortgages

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NewBuy homes scheme 'hit by high mortgage rates'

19 September 2021
A major builder has said that a Government-backed scheme designed to help homebuyers with smaller deposits get a new-build home has been affected by the high mortgage rates offered by lenders, the Independent reports.... read more »

Owning a home '130 cheaper a month than renting'

17 September 2021
Mortgage lenders Halifax have produced the Buying vs Renting Review to compare the relative cost of renting vs owning a home in the UK at the moment. The results will be good news for homeowners, because Halifax found that owning a home in the UK costs almost a fifth less than renting. ... read more »

Mortgage arrears at lowest level since 2007

12 September 2021
The Financial Services Authority (FSA) has published its Mortgage Lending Data - covering quarter 2 of 2021. This included a number of key statistics. ... read more »

Low-deposit mortgage availability has dropped

24 August 2021
Mortgages for first-time buyers and borrowers with smaller deposits has dropped sharply in the last year, MoneySupermarket has found. ... read more »

People 'turning to family and friends' for loans

22 August 2021
The Aviva Family Finances report is an in-depth study into the financial needs of the modern UK family. The most recent report found a number of things: for example, the average family's monthly income has fallen from 2,150 in May 2021 to 2,003 now - that's a 7% decrease. This can be explained by a number of factors - like families taking time off to care for their children over the summer. ... read more »

Should I secure a debt consolidation loan against my house?

16 August 2021
A secured debt consolidation loan may give you access to better rates and larger loans than an unsecured debt consolidation loan would.... read more »

First-time buyers drive mortgage lending in June

15 August 2021
First-time buyers looking to get a foot on the property ladder helped drive lending for house purchase in June, figures from the Council of Mortgage Lenders (CML) have revealed. ... read more »

Base rate cut by end of 2021 could see loan rates fall further

7 August 2021
The Bank of England opted against cutting the base rate to an unprecedented 0.25% this month - but many experts believe it will still happen in the near future. ... read more »

Household debt to increase by more than 20,000 in five years

1 August 2021
The average level of household debt (which includes mortgages) in the UK stood at 55,514 in May. The Office for Budget Responsibility, however, has predicted that household debt will increase by over 20,000 in the next five years - it's expected to reach 77,719 in 2017. ... read more »

Northern Rock sale to bring in another 500m

24 July 2021
When Northern Rock was sold to Virgin Money in November last year, 'the taxpayer' got 747 million out of the deal - but that wasn't the end of it. There's more money coming in to the public coffers.... read more »

Where can I find a debt calculator?

24 July 2021
You can find two debt calculators on this page, one for mortgages and one for loans. ... read more »

Personal debt an issue for the housing market

19 July 2021
The amount of personal debt that people are carrying can get in the way when they apply for a mortgage - and this is having an effect on the housing market.... read more »

Mortgages 'bounced back' after post stamp duty holiday slump

As you might have expected, we saw a lot more people getting mortgages just before the stamp duty holiday for first-time buyers came to an end in March - and a lot fewer just after. ... read more »

The wrong kind of debt...

6 July 2021
Borrowing money can be useful. It can help people buy a house or a car, or pay for a university education, or spread the cost of an unexpected bill. ... read more »

Debts forcing 'youngsters' to live with parents

28 June 2021
An estimated 1.6 million adults are still living with their parents, new figures indicate, often because they have serious debts they need to repay. ... read more »

Helpful parents leave 'children' with no credit history

25 June 2021
A quarter of parents have taken out credit for their grown-up kids, according to Credit report service Noddle warns young adults that they could be shooting themselves in the foot by not creating their own credit histories. ... read more »

Mortgage lending jumped 24% in May

22 June 2021
Total mortgage lending reached 12.2 billion in May, according to the latest figures from the Council of Mortgage Lenders (CML). ... read more »

44% rise in over-60s seeking help for mortgage arrears

20 June 2021
Between 2009 and 2011, the Consumer Credit Counselling Service (CCCS) saw a 44% rise in calls from homeowners aged over 60 struggling to repay their mortgage. ... read more »

9% rise in consumer debt in a year

13 June 2021
The Finance and Leasing Association (FLA) say that consumer borrowing rose by 9% between April last year and this April. ... read more »

New rules for mortgage lending proposed

8 June 2021
On Thursday, the Economic and Monetary Affairs Committee approved new proposed rules for mortgages. These rules are intended to improve the mortgage lending experience EU-wide for both lenders and borrowers. ... read more »

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