Mortgages

AMI - more action required to support mortgage market

The Association of Mortgage Intermediaries (AMI) has today published its latest Quarterly Economic Bulletin that sets out its view of the economy, including the mortgage and housing markets.

Homeowners warned to be wary as HMS scheme is announced

Commenting on the Governments statement, Richard Mason, managing director at Moneyextra.com says: "Struggling homeowners need to look beyond the hype and be wary of burying their heads in the sand; this scheme is not a get out of jail free card, and arrears will still need to be repaid.

Charcol: Fixed rate applications surge to 8 out of 10 new mortgages

The first quarter of 2009 has seen one of the biggest ever changes in the take up of fixed rates according to a new monthly mortgage index from leading UK mortgage broker John Charcol.

Fee free deals highlight need to check total cost of mortgage

Andrew Hagger of Moneynet.co.uk emphasises the importance of establishing the true or total cost of a mortgage deal rather than being influenced by a low rate or a low or free fee deal.

Throwing good money after bad

Commenting on the expectation the Government will announce a £1bn boost for the housing market in tomorrow's budget, Louise Cuming, head of mortgages at moneysupermarket.com, said: "Unfortunately this seems to be replaying a strategy that has not worked - billions of pounds have already been pumped into the housing market to little effect so why will this time be any different?

Banks offer mortgage support for homeowners

Customers of the UK's major mortgage lending banks will be able to get help if they face a temporary income shock under the new Homeowners Mortgage Support scheme which begins today.

Lloyds welcomes Homeowner Mortgage Support Scheme

Dan Watkins, managing director of mortgages, Lloyds Banking Group, said: "We will participate in the Homeowner Mortgage Support Scheme from today. We already do everything we can to help customers facing financial difficulty and this newest scheme will act as an extension to the broad assistance we offer customers who are struggling to pay their mortgage.

New homeowners mortgage support begins

New support to help homeowners remain in their homes if they fall on difficult times will be available from today, announced Housing Minister Margaret Beckett.

BSA: Homeowner Mortgage Support Scheme

Building societies have confirmed that they have signed up to a Customer Commitment for borrowers in financial difficulty.

Pensioners turn to equity release to repay mortgage debt

Research by Key Retirement Solutions, UK equity release specialist adviser, based on 3,826 people aged 65 or over who released equity from their home with Key Retirement Solutions in 2008, reveals that an increasing number of pensioners today have mortgages which continue well into their retirement.

Halifax offers unique council tax help to homemovers and FTBs

Halifax, the UK's largest mortgage lender, has announced the launch of a new offer available on all products for homemovers and first time buyers (FTBs). Designed to help with the costs of buying a new home, the unique offer will pay half of the first year's council tax bill, up to a maximum of £1,000.