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More than one million home owners on interest only deals face a sharp rise in interest rates when their current deal expires. Coventry Building Society has become the latest mortgage lender to [...] The property boom that home owners have enjoyed during the past year has ended as the latest housing survey shows home buyers retreating over concerns about the economy. This reduced demand is combined with an increase in the [...] Royal Bank of Scotland (RBS) has been accused of making customers pay above average rates on their mortgages despite the nationalised banking group reporting profits. 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 [...] With the Bank of England’s interest rates at record lows homeowners’ mortgage payments are also low. Interest payments accounted for 13.2% of their income, the lowest since March 2004 but finding a large deposit is still a stumbling block for many, In [...] 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 [...] UK house prices have fallen slightly in the early summer compared with the start of the year, a new survey has found. This meant prices in the second three months of the year were 0.1% lower than [...] 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 [...] Lenders have warned that homebuyers could face a fresh squeeze on mortgages in the next three months, according to a Bank of England report. However, the rate at which mortgage holders and businesses default [...] UK mortgage interest rates have dropped to a seven year low, according to new research. Latest figures suggested the average rate on a two year fixed rate mortgage is [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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