Ban on home repossessions to be extended to April under regulator proposals
A home repossessions ban will be extended to April under proposals by the City regulator.
A home repossessions ban will be extended to April under proposals by the City regulator.
The number of mortgage approvals made to home buyers was at a 13-year high in November, Bank of England figures show.
Planning for the worst while hoping for the best may help households prepare their finances for Brexit, according to an expert.
Mortgages to the value of around £78.9 billion were agreed in the third quarter of 2020 – the highest total since 2007, according to the Bank of England.
Mortgage lending to home-buyers recovered to nearly-normal levels by September, after collapsing earlier this year, according to a trade association.
First-time buyers will be able to take out 10% deposit mortgage deals once more with Lloyds Banking Group from next week.
Consumer credit borrowing fell in October at the sharpest annual rate since figures started in 1994, according to the Bank of England.
The coronavirus pandemic has forced many young adults to boomerang back into their parents’ homes, according to a survey.
The average fee on a fixed-rate mortgage is at an eight-year high, according to a financial information website.
Mortgage borrowers who are struggling with their payments due to the financial impact of coronavirus will be able to get further support, the City regulator has confirmed.
Urgent action is needed to free about 250,000 “mortgage prisoners”, according to consumer champion Martin Lewis.
The average “shelf life” of a mortgage is now just 28 days, meaning borrowers may need to act fast to secure a particular deal.
Borrowers with personal loans, credit cards and rent-to-own products will have more time to apply for payment holidays under new coronavirus support measures outlined by the City regulator.
The window for home owners to ask for mortgage payment holidays is set to be extended, as part of support measures as lockdown restrictions are tightened.
The number of people missing card and loan repayments has jumped in recent weeks, according to Which?
The housing market mini-boom sent the number of mortgage approvals made to home buyers soaring to the highest level since 2007 in September.
Nearly half of would-be first-time buyers have been turned down for a mortgage, a survey has found.
Some 4.4 million payment holidays have now been granted to borrowers struggling financially due to coronavirus, according to a trade association.
Thousands of people have signed a petition to make reliable rent payments proof that an individual is able to afford a mortgage.
Credit rating agency Moody’s has published figures showing mortgage arrears in Aberdeen running at double the UK average rate following the oil price slump.
The “Bank of Mum and Dad” will help finance 25% of UK mortgage transactions this year, according to research.