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.
Mortgage
Number of mortgage approvals made to home buyers at 13-year high
The number of mortgage approvals made to home buyers was at a 13-year high in November, Bank of England figures show.
10 expert tips to help ‘Brexit-proof’ your finances
Planning for the worst while hoping for the best may help households prepare their finances for Brexit, according to an expert.
Value of mortgages agreed in third quarter of 2020 was highest since 2007
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.
‘Uncertain’ outlook for mortgage demand after March 2021
Mortgage lending to home-buyers recovered to nearly-normal levels by September, after collapsing earlier this year, according to a trade association.
Lloyds Banking Group to reintroduce 10% deposit mortgages for first-time buyers
First-time buyers will be able to take out 10% deposit mortgage deals once more with Lloyds Banking Group from next week.
Biggest annual fall in consumer credit borrowing since 1994
Consumer credit borrowing fell in October at the sharpest annual rate since figures started in 1994, according to the Bank of England.
Covid-19 is leading young adults to move back in with parents – survey
The coronavirus pandemic has forced many young adults to boomerang back into their parents’ homes, according to a survey.
Average fixed-rate mortgage fee is at highest levels since 2012, analysis finds
The average fee on a fixed-rate mortgage is at an eight-year high, according to a financial information website.
Extended support for struggling mortgage borrowers confirmed
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.
‘Mortgage prisoners’ must be freed urgently, says Martin Lewis
Urgent action is needed to free about 250,000 “mortgage prisoners”, according to consumer champion Martin Lewis.
Mortgages have an average ‘shelf life’ of just 28 days, experts warn
The average “shelf life” of a mortgage is now just 28 days, meaning borrowers may need to act fast to secure a particular deal.
Personal loan and credit card customers set to receive further support
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.
Further support for mortgage borrowers affected financially by coronavirus
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.
Jump in people missing card and loan payments ahead of support cutbacks – Which?
The number of people missing card and loan repayments has jumped in recent weeks, according to Which?
Home buyer mortgage approvals hit 13-year high in September
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 first-time buyers have been rejected for a mortgage, survey finds
Nearly half of would-be first-time buyers have been turned down for a mortgage, a survey has found.
4.4m payment holidays granted to struggling borrowers
Some 4.4 million payment holidays have now been granted to borrowers struggling financially due to coronavirus, according to a trade association.
Thousands back a petition to make rent payments proof you’re able to afford a mortgage
Thousands of people have signed a petition to make reliable rent payments proof that an individual is able to afford a mortgage.
Mortgage arrears in Aberdeen more than double the UK rate
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.
Bank of Mum and Dad is propping up a quarter of this year’s mortgages
The “Bank of Mum and Dad” will help finance 25% of UK mortgage transactions this year, according to research.