Mortgage Arrears
Brits make £9 billion in mortgage overpayments every yearBritons are making over £9 billion in mortgage overpayments every year, according to recent research by Santander Mortgages |
Home repossessions at lowest level since records began in 2008Home repossessions have fallen to the lowest level since records began in 2008, according to the latest data from the Council of Mortgage Lenders. |
Mortgage debt burden fell after financial crash, says ONSA new report by the Office for National Statistics shows that people's mortgage debt burden dropped after the financial crash due to the Bank of Eng;and's policy on interest rates. |
Mortgage advice relating to a family joint ownership disputeA reader wants to know where they stand in regard to a jointly-owned property that is in negative equity and whre one part-owner wants to dissolve the partnership. |
Negative equity "four times more likely in north than south"New research reveals that negative equity – when a homeowner owes more than their home is worth – is almost four times as likely to occur in the north of England than the south. |
Northern Rock Asset Management: Profits up and taxpayer repaid £2bnNorthern Rock Asset Management the company set up to manage Northern Rock's "bad bank" and Bradford & Bingley's mortgages reports pre-tax profits of £1bn and a £2bn repayment of its government loan. |
CML: Repossessions fall to lowest level since 2007The number of repossessions has dropped to its lowest level since 2007, helped by low interest rates, according to data from the Council of Mortgage Lenders. |
CML data sees repossessions stabilise and arrears fallThe number of homes being repossessed has stabilised, while mortgage arrears have fallen, according to new Council of Mortgage Lenders figures. |
UK banks conduct credit checks on borrowers to halt mortgage arrearsPart taxpayer-owned banks' Bradford & Bingley and Northern Rock are credit checking homeowners and warning borrowers to cut discretionary spending if they believe they are at risk of not repaying their mortgage. |
CML predicts rise in mortgage lending and repossessions in 2012The Council of Mortgage Lenders (CML) has released an updated forecast for the UK property market that predicts repossessions of homes will rise and mortgage lending will increase in 2012. |
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