The interest-only mortgage time bomb… and how to defuse it

These are worrying times for homeowners who have interest-only mortgages. Many will struggle to repay their debt at the end of the loan and face an uncertain future.

Mortgage borrowers punished for loyalty

Thursday, 27 July 2017 | News

Stay loyal to your mortgage lender and you could be penalised by as much as £1,000 a year, according to new research by Citizens Advice.

Lloyds to pay £283m compensation to struggling mortgage borrowers

Thursday, 27 July 2017 | News

Lloyds Banking Group is to pay out £283 million in compensation to more than half a million of its mortgage customers.

Bank of England issues warning against bad loans and tightens mortgage affordability tests

Thursday, 29 June 2017 | News

The Bank of England is to force banks to hold bigger reserves against consumer loans, amid fears that lenders are unprepared for future financial shocks.

Ask the Experts: How can my grandmother release some cash from her property?

Friday, 23 June 2017 | Question and Answer

There are many people who wish to unlock the value in their home. One way to do this is via an equity release scheme.

Homeowners face £3,242 penalty for failing to remortgage

Friday, 02 June 2017 | News

Consumers with a mortgage at one of the UK’s big six lenders could be losing more than £3,000 a year by staying on their provider’s standard variable rate (SVR).

Most borrowers have no plans to remortgage

Thursday, 01 June 2017 | News

Almost three quarters of mortgage borrowers say they have no plans to remortgage in the coming year, according to the results of a Moneywise poll of 9,000 readers.

Millions struggle to repay mortgage yet over half have never remortgaged

Wednesday, 17 May 2017 | News

More than half of homeowners have never remortgaged to another deal, even though in most cases this could cut their monthly repayments.

Deal of the week: get £1,000 cashback on Halifax mortgages

Friday, 12 May 2017 | News

Halifax has launched a £1,000 cashback offer to those taking out a qualifying mortgage. Buying a home is an expensive business, so cashback deals can assist with the cost of moving.

Mortgage lenders call for reduced affordability tests

Wednesday, 26 April 2017 | News

The trade body representing UK mortgage lenders has called on the Bank of England to reassess whether its affordability testing rules are making it too difficult for people to take out a mortgage.

Deal of the week: Yorkshire Building Society launches 0.89% mortgage

Friday, 21 April 2017 | News

Yorkshire Building Society has unveiled a two-year 0.89% mortgage, the lowest rate on the market today and the lowest rate ever offered, according to comparison service Moneyfacts.