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MPs call on lenders to halt all repossessions against mortgage prisoners until help arrives By Will Kirkman For Thisismoney.co.uk Published: 18:26 GMT, 9 March 2020 | Updated: 18:26 GMT, 9 March 2020 MPs have called on firms to cease all repossession proceedings against mortgage prisoners until a working group is established to help them. Members … Read more
‘You could be entitled to compensation up to £250,000’, ‘thousands owed for hidden loan charges and mortgages’ and ‘don’t delay – start your free application today’. Barely were my feet back under the desk in 2020 before I was bombarded with emails telling me I could be entitled to compensation for a mis-sold mortgage. In … Read more
Climate change concerns have resulted in more people paying attention to their own carbon footprint. While it’s the eco-warriors who grab the headlines and divide opinion, most see the benefits of taking steps to reduce their energy consumption. Not all of these benefits have to be virtuous – for one, it’s obviously cheaper to use less … Read more
Property market bouncing back as mortgage approvals hit highest levels in four years – but experts warn loan rates could start creeping up Mortgage approvals up 4.4 per cent in January to highest level in four years Remortgage approvals also rose by 3.9 per cent in the first month of the year But experts warn lenders … Read more
This is Money recently reported that 10-year fixed rates are currently at some of their lowest ever levels as banks and building societies battle for their business. A fierce mortgage price war has seen the number of 10-year fixed rate mortgages on offer grow substantially over the past year, pushing rates down to an average 2.76 … Read more
Ministers fired a warning shot at banks this week as the top six lenders stand accused of failing to help mortgage prisoners switch to a better deal. In an open letter Treasury ministers urged banks to move quickly to help mortgage prisoners following some four months of inaction from lenders. The UK’s financial watchdog introduced … Read more
Mortgage prisoners may finally be able to switch to a better deal after the City watchdog relaxes its rules By Sarah Davidson For Thisismoney.co.uk Published: 16:06 BST, 28 October 2019 | Updated: 16:06 BST, 28 October 2019 Mortgage prisoners locked into expensive rates have been offered a potential lifeline after the financial watchdog relaxed its … Read more
Homeowners whose two-year fixed rate mortgage deals are about to end have been warned they could see a bill shock if they fail to act. In September 2017, the average two-year fixed mortgage rate hit its lowest ever level at 2.17 per cent, according to Moneyfacts. Borrowers can still swap to deals almost as cheap … Read more
It’s now easier to get a mortgage on a zero hours contract as HSBC becomes the latest lender to relax the rules for those not in full-time work HSBC relaxes its application rules for zero hours contract workers Applicants will now have to submit less evidence of income and tax paid Bank says this will help … Read more
I’ve come into some money and would like to pay down my mortgage but my lender has an overpayment limit – is there any way around this? By This Is Money Reporter Published: 07:46 GMT, 16 April 2019 | Updated: 15:40 GMT, 16 April 2019 I’ve recently received a generous lump sum of cash and … Read more