Homeowners are unknowingly putting themselves into arrears by cancelling their mortgage payments without speaking to lenders first. Chancellor Rishi Sunak’s announced last week that homeowners in financial difficulty as a result of the coronavirus pandemic will be offered a three-month mortgage break, or ‘payment holiday’. But lenders have warned that some borrowers are cancelling their … Read more
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
Rishi Sunak announces three month mortgage payment ‘holiday’ for any homeowner hit hard by coronavirus as the Chancellor vows to make sure people can ‘get back on their feet’ Rishi Sunak today set out a massive package of measures to combat coronavirus Anyone in ‘difficulty’ due to virus will not have to pay mortgage for … Read more
Ministers fired a warning shot at banks this week as the top six lenders stand accused of failing to help mortgage prisoners switch to a better deal. In an open letter Treasury ministers urged banks to move quickly to help mortgage prisoners following some four months of inaction from lenders. The UK’s financial watchdog introduced … Read more
Payments on mortgages will be suspended across the whole of Italy after the coronavirus outbreak, Italy’s deputy economy minister said on Tuesday. ‘Yes, that will be the case, for individuals and households,’ Laura Castelli said in an interview with Radio Anch’io, when asked about the possibility. Italy’s banking lobby ABI said on Monday lenders representing … 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