20 February 2009 Archive

Repossession mortgage help to come in April

Mortgage support set to come in April

Help for struggling homeowners first announced in December by the prime minister should hit the ground in April.

Courts issue 114,000 repossession orders and 20,000 bankruptcy petitions

Repossession orders rise

County courts in England and Wales issued 114,275 repossession orders in 2008.

One in 50 Buy-to-let mortgages in arrears

Buy-to-let mortgage lending drops as more landlords struggle

Over one in 50 buy-to-let mortgages are now more than three months in arrears.

40,000 repossessions in 2008

Repossessions rise as more homeowners struggle

Last year saw 40,000 repossessions - representing one in every 290 mortgages.

Councils to start mortgage lending

Mortgages could start to come from councils

Local councils are to start mortgage lending - in a bid to aid local property markets.

Alliance & Leicester has mortgage makeover

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Alliance & Leicester is opening its mortgage range to customers with smaller deposits by cutting rates on fees on its fixed-rate loans.

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