Mortgage meltdown: Bank chaos as families rush to freeze payments as homeowners tell of 10-hour wait on helplines Chancellor Rishi Sunak offered homeowners a three-month mortgage break Lenders now asking borrowers to submit applications online to free up phones Borrowers who do take a break will still be charged interest on their mortgage By Samantha … Read more
Most mortgage lenders HAVEN’T even passed on last week’s Bank of England base rate cut to customers – we reveal the ones that did The Bank of England cut base rate twice in as many weeks, now to 0.1 per cent This means lenders can now borrow money more cheaply than ever before Despite this … Read more
I’ve come into some money and would like to pay down my mortgage but my lender has an overpayment limit – is there any way around this? By This Is Money Reporter Published: 07:46 GMT, 16 April 2019 | Updated: 15:40 GMT, 16 April 2019 I’ve recently received a generous lump sum of cash and … Read more
Royal Bank of Scotland defers mortgage and loan repayments for up to THREE MONTHS for customers impacted by coronavirus RBS has said it would also waive early closure charges on fixed savings accounts Bank will offer refunds on credit card cash advance fees to affected customers The bank said customers could apply for increased temporary … Read more
Italy suspends MORTGAGE payments in the wake of coronavirus outbreak’s economic impact on families and small businesses By Ryan Fahey For Mailonline Published: 10:20 GMT, 10 March 2020 | Updated: 10:20 GMT, 10 March 2020 Payments on mortgages will be suspended across the whole of Italy after the coronavirus outbreak, Italy’s deputy economy minister said … Read more
MPs call on lenders to halt all repossessions against mortgage prisoners until help arrives By Will Kirkman For Thisismoney.co.uk Published: 18:26 GMT, 9 March 2020 | Updated: 18:26 GMT, 9 March 2020 MPs have called on firms to cease all repossession proceedings against mortgage prisoners until a working group is established to help them. Members … Read more
This is Money recently reported that 10-year fixed rates are currently at some of their lowest ever levels as banks and building societies battle for their business. A fierce mortgage price war has seen the number of 10-year fixed rate mortgages on offer grow substantially over the past year, pushing rates down to an average 2.76 … Read more
Climate change concerns have resulted in more people paying attention to their own carbon footprint. While it’s the eco-warriors who grab the headlines and divide opinion, most see the benefits of taking steps to reduce their energy consumption. Not all of these benefits have to be virtuous – for one, it’s obviously cheaper to use less … Read more
‘You could be entitled to compensation up to £250,000’, ‘thousands owed for hidden loan charges and mortgages’ and ‘don’t delay – start your free application today’. Barely were my feet back under the desk in 2020 before I was bombarded with emails telling me I could be entitled to compensation for a mis-sold mortgage. In … Read more
Property market bouncing back as mortgage approvals hit highest levels in four years – but experts warn loan rates could start creeping up Mortgage approvals up 4.4 per cent in January to highest level in four years Remortgage approvals also rose by 3.9 per cent in the first month of the year But experts warn lenders … Read more