Warning to buy-to-let borrowers
The (RLA) is warning buy-to-let investors that lenders may try to change their borrowing rates as property values fall. The RLA says some mortgage agreements allow lenders to alter their…
Tag: interest payment
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The âticking timebombâ of repossession
Millions of homeowners with mortgages set to expire in the coming year will be forced on to standard variable rates, increasing the risk of a jump in repossessions, analysts warn.…
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Lenders âderailâ housing market
Moves by banks and building societies to tighten up mortgage deals and raise interest rates is hampering borrowersâ ability to re-enter the housing market. Brokers have reported a higher number…
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State help for homeowners
State benefits for homeowners struggling to pay their mortgage after losing their jobs are to be paid more quickly and will be paid to more people from today, the government…
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Banks seek clarity on mortgage plan
The banks are pressing the chancellor for clarity on a scheme to let homeowners facing repossessions defer interest payments. There is confusion over who would be eligible, how claims will…
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Some borrowers better off than others
Borrowers with tracker or variable rate mortgages have benefited from a 17 per cent fall in the cost of owning a home in the past year. However, everyone else including…
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‘Black hole’ in public finances
The Institute for Fiscal Studies (IFS) warned that Britain faced ‘two parliaments of pain’ as it calculated a £45 billion ‘black hole’ in the government finances following the Budget, requiring…