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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 [...] Mortgage arrears and repossessions will rise modestly next year, the Council of Mortgage Lenders (CML) predicts. The CML says that mortgage rationing by banks and building societies will [...] Some people are being forced to put their homes at risk because of debts of as little as £600, the Office of Fair Trading (OFT) has found. Four providers have been ordered to “address concerns” about the way some consumer [...] US house prices began falling again in August after the expiry of homebuyers’ tax credits, a survey suggests.Prices were down 0.3% versus the previous month, on a seasonally-adjusted basis, according to the Case-Shiller index of 20 major US cities. The data – which is actually an average of house prices during June, July and August – [...] 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 [...] Hundreds of thousands of retired home owners face have having their homes repossessed as banks refuse to extend their mortgage terms.Lenders have imposed tight age restrictions on elderly borrowers who have been unable to pay off their mortgage before reaching retirement. Falls in their investments as a result of the worst economic crisis in a generation [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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