Bad Credit Mortgage
Nationwide culls interest-only mortgages unless you have 50% equityThe Nationwide Building Society will only advance interest-only mortgages to borrowers if they have 50 per cent equity in their homes. |
FSA sets out new mortgage rules to curb irresponsible lendingThe Financial Services Authority has released proposals to ensure that a repeat of the lending policies that helped cause the financial crisis of 2008 are not repeated. |
Bad credit mortgagesA bad credit mortgage, also known as a non-conforming mortgage or adverse credit mortgage, is a loan secured against the value of a property designed for people with poor credit histories. |
Kensington launches new prime mortgage productsKensington Mortgage Company has launched new prime home loan products geared towards those who have had defaults or county court judgements (CCJs) registered in the last two years. |
Mortgage shortage and negative equity 'trap' 3.5mAs many as 3.5 million households cannot move because of mortgaging lending restrictions or low and negative equity. |
16,000 turned down for a mortgageAround 15,800 mortgage applications were turned down in May, according to new data from the Bank of England. |
When should I tell my lender I am in trouble?A reader from Norwich is struggling with his mortgage but is not sure whether to tell his mortgage lender. |
Northern Rock promises to hold off repossessions for 6 monthsNorthern Rock has pledged to stop repossession actions until a mortgage borrower is six months behind on their repayments. |
Mortgage rescue plans set repossession risk homesRepossession-risk homeowners in across the country are being offered fast-track help. |
More repossession help demandedFour fifths of British people want the government to be more active in helping homeowners at risk of having their homes repossessed. |
Repossessions rise 71%The number of homes being repossessed rose 71 per cent in the last year, according to new data from the Financial Services Authority (FSA). |
Can I consolidate my debts with a mortgage?A reader from Gravesend wants to know if he can buy a property and use some of the cash to cover his debts. |
Can I consolidate loans with a remortgage?A reader in the Bahamas is looking to remortgage on his property in the UK to tie up some debt. |
Northern Rock 'too aggressive' with repossessions say charitiesNorthern Rock has been accused of being too aggressive in pursuing people who are struggling to pay their mortgage. |
Northern Rock debt repayment to be hit by mortgage crisisNorthern Rock is ahead of schedule on repaying its loan to the government, but predicts harder times in the coming year. |
Brits shocked out of financial apathyThe banking crisis may have finally shocked Brits out of their financial apathy, with one in five sub-prime borrowers now trying to improve their credit records. |
GE Money fined £1.1mMortgage lender GE Money Home Lending has been fined £1.12 million for causing 684 borrowers to lose £2.3 million. |
Troubled B&B slashes 370 jobsBradford & Bingley has slashed 370 jobs with more staff cuts ahead as the bank reduces its mortgage operations. |
Councils 'to buy repossessed homes'Local councils could be given the power to take over repossessed and unsold homes, ministers are expected to announce next week. |
Subprime mortgage arrears riseMortgage arrears in the UK subprime mortgage market have continued to increase, according to the latest analysis from Standard and Poor's. |
3.4m facing mortgage rejectionAs many as 3.4 million UK borrowers have been turned down at least once for a mortgage or loan in the past 18 months, GE Money Home Lending research reveals. |
FSA demands repossession fairnessMortgage lenders must treat customers falling into arrears fairly and not take people to court as a matter of course |
Higher arrears and more repossessions forecast2008 will see "more arrears and possessions" than last year in the UK property market, the Council of Mortgage Lenders has warned. |
One in five subprime mortgage customers miss paymentsOver a fifth of all subprime mortgage customers in the UK have missed at least one repayment. |
Profiling denying bad credit mortgage borrowers'Customer profiling' technology is pushing high-risk mortgage borrowers towards higher rates. |
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