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More families will lose their homes, charities warn, as the Government prepares to reduce the amount of financial support it provides to borrowers by as much as £200 a month. But some of [...] Home owners have so little equity left in the homes after the credit crisis that they are struggling to remortgage, experts warned. The number of loans approved for those buying a [...] Mortgage lending to home buyers increased again in June according to the Council of Mortgage Lenders (CML). The CML said activity was “still on an upward trajectory” and described [...] UK house prices inflation in the UK continued to ease off in July, the Nationwide building society has said. The price of the average home is now £169,347, almost the same as [...] Whilst UK homeowners increased the value of their stakes in their properties by £3.2bn home equity releases by pensioners were used to fund debts.A recent survey by Age UK suggested that equity withdrawal was still being used by some sections of society as a last resort to pay off debts, or to find money when [...] Thousands of Clydesdale and Yorkshire Bank customers face increased mortgage payments after a miscalculation error. The banks, which are both owned by National Australia Bank, said the error was [...] UK gross mortgage lending, which includes lending to people remortgaging as well as house buyers, rose by 15% in June to £13.1bn. However, the CML said June’s increase was just a seasonal pick-up and that lending remained subdued. “There are [...] The number of loans made for house purchases rose slightly in the UK in May as low interest rates continued, lenders have said. Mortgage interest payments accounted for the lowest [...] Three quarters of mortgage holders do not know how an increase in interest rates of one percentage point would affect their budget. The survey of 2,262 people was conducted for an education group, the Consumer Financial Education Body. The [...] After several years some UK mortgage lenders are starting to become a bit more competitive with more sensible arrangement fees. The unprecedented rise in arrangement and other mortgage fees has [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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