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Mortgage lenders have raised concerns about potential changes to the way support is given to those struggling to pay their mortgage.The government is reviewing the Support for Mortgage Interest Scheme, where homeowners who lose their jobs may receive financial help. It says the programme, which costs £400 million a year, is unsustainable. The Support for Mortgage Interest [...] Low interest rates have kept the level of UK mortgage arrears and home repossessions steady according to the Council of Mortgage Lenders (CML).A total of 9,000 homes were repossessed in the second quarter of the year – 100 fewer than in the previous three months, the CML said. The CML has predicted that a total of [...] The governor of the Bank of England has said that fears of home repossessions are overdone as UK interest rates are set to remain low. 60 repossession hotspots are revealed in a report by housing charity Shelter.Corby in the east Midlands is named the place with the highest proportion of homeowners at serious risk of losing the roof over their head. Shelter said the worst blackspot for repossessions was in Corby, which had the highest rate of “at risk” homeowners – [...] House repossessions are likely to rise again next year the Council of Mortgage lenders (CML) has warned. Mortgage rationing which has depressed UK property sales will stay in force until at least the end of [...] A scheme aimed at preventing people losing their homes in England proved to be below target but above budget new research finds. The National Audit Office [...] UK unemployment fell by 17,000 in the three months to the end of February to 2.48 million- the first drop since last autumn official figures show. Unemployment among 16 to 24-year-olds stood at 963,000, with the jobless rate for [...] House prices in many US cities hit new post bubble lows last year, according to a widely followed market survey. Eight cities saw prices reach their lowest levels since peaking in 2006-07, with [...] The finances of private tenants deteriorated in December, with nearly 12% of all rent unpaid or paid late. LSL said unpaid rent now amounted to £276m, the highest level since December [...] Total UK mortgage lending fell to its lowest level for nine years in 2010 official figures show. Lending was just over a third of level seen in 2007, revealing [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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