Mortgage Repayments
Borrowers face £300m SVR mortgage payment riseMore than a million people will be hit by standard variable rate (SVR) mortgage hikes today – adding a collective £300 million to repayments over the next year. |
How to manage an interest-only mortgageThe FSA says 1.3 million people have an interest-only mortgage that matures by 2020 with no way to repay the capital. We show you how to manage the interest-only mortgage timebomb. |
Cost of owning and running a home 'at highest level since 2008'The expense of owning and running a house in the UK has risen to its highest level in four years, driven upwards by spiralling energy bills, research shows. |
Bank of Ireland to raise SVR by 1.50% to 4.49%The Bank of Ireland has announced it will raise its standard variable rate in two stages; from 2.99% to 3.99% in June and then again in September to 4.49%. |
Santander follows Halifax and RBS and increases mortgage ratesSantander has followed the lead of Halifax and RBS in raising the cost of borrowing on some mortgages in a move that will increase mortgage repayments. |
HSBC launch new mortgages for first-time buyersHSBC is announcing new mortgage deals for first-time buyers and those with a ten per cent deposit in addition to competitive deals for homeowners with more equity. |
UK house prices fell 1.3% in 2011Land Registry has shown that house prices fell in the UK at the end of 2011 when compared with the previous year. |
Buying a UK property is £116 a month cheaper than rentingLow mortgage rates and falling property prices mean it is £116 a month cheaper to own your own home than rent, if you can raise the deposit to get on the property ladder. |
Mortgage payments 'at their most affordable since 1997'British people may have found their mortgage repayments easier to manage last year, a new study suggests. |
Mortgage payments in 2011 'most affordable for 10 years'Homeowners may have found their mortgage repayments a little easier to bear in 2011 when compared with previous years. |
Offset mortgages: How to link your savings to your mortgageBy linking your savings to your mortgage repayments you could save hundreds of pounds a year in lower mortgage interest payments and the process is easier than you might think. |
How to get a second mortgageSecond mortgages can provide extra funds for home improvements and can allow homeowners to borrow more at better rates than through a personal loan. |
One third of Brits expect interest rates to rise this summerResearch from Lloyds TSB shows that most people in the UK expect to see base rate rise this year, but views are varied as to when it will happen and by how much interest rates will rise in 2011. |
Is it better to save in a savings account or pay off more of the mortgage?A reader from Barrow would like to know if it is better to save in a savings account or pay off more of the mortgage before they look to upsize their home later in the year. |
Will overpaying on a ten year fixed-rate interest only mortgage reduce the capital?A reader from Cambridge wants to know if overpaying on an interest-only ten year fixed mortgage will help reduce the capital owed at the end of the term. |
Halifax reports 1.3% reduction in UK house pricesHalifax have released their latest seasonally adjusted house price index for 2011. It shows that house prices fell by 1.3 per cent in the month and 1.6 per cent over the course of 2010. |
More help needed to stem repossessionsThree charities are calling on the government and lenders to provide more help for struggling homeowners to prevent them being 'needlessly' repossessed. |
Switch and save £40,000Switching to capital repayments from an interest only mortgage could save borrowers £40,000 over the life of the mortgage, research has suggested. |
Surge in mortgage overpaymentsBanks have reported a surge in the number of customers making overpayments on their mortgages as savings rates fall. |
Repossession scheme could hit new lendingLenders have warned the government's scheme to keep people facing repossession in their homes could put further pressure on new lending. |
How can I get a mortgage repayment holiday?A reader from Watford is taking time off from work, so wants to know how easy it is to get a mortgage payment holiday. |
Are property sale and rent back schemes the answer to spiralling debts?'Sale and Rent Back' schemes might seem to be the solution if you can no longer afford to pay your mortgage but as Christine Toner discovers they sometimes prey on the vulnerable and there are often better alternatives. |
Mortgage pressure on budget?A reader from Falkirk is finding it hard to meet her mortgage repayments and wants to know the best way forward. |
Are you paying too much interest on your mortgage?Borrowers could be forking out £150 a year too much in interest because of the way some mortgage lenders are doing their sums. |
January mortgage approvals plunge to record lowMortgage approvals are up but the market has suffered the worst January since records began, new figures reveal today. |
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