Mortgages

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.

Ask the Experts: Can we look for a lower mortgage rate before our fixed term ends?

Monday, 23 October 2017 | Question and Answer

Mortgage rates are at a record low at the moment and that applies to buy-to-let deals too. That’s great news for landlords as they can shop around for a cheaper mortgage deal.

Borrowers in race to remortgage as interest rates start to rise

Wednesday, 18 October 2017 | News

The years since the financial crisis have been a boon for homeowners as mortgage rates have fallen to historic lows.

Homeowners at risk as mortgage benefit scheme faces axe

Monday, 09 October 2017 | News

Homeowners who receive mortgage support payments from the government could be left in financial trouble after the free benefit scheme is withdrawn next year.

Millennials are the most savvy age group when it comes to switching mortgages

Thursday, 05 October 2017 | Blog | By Helen Knapman

As regular readers of Moneywise will know, I bought my first house this summer – cue the popping of champagne and big smiles all round after five anxious months waiting for the sale to be signed on the dotted line.

Accord Mortgages unveils record low 0.99% mortgage

Tuesday, 19 September 2017 | News

Accord Mortgages has launched a 0.99% two-year fixed rate mortgage at 80% loan to value (LTV).

Mortgage prisoners face losing up to £6,500 a year

Tuesday, 12 September 2017 | News

Mortgage prisoners who are unable to remortgage to a cheaper deal are paying up to £6,500 a year more than is necessary.

Regulator looks to ease pressure on older interest-only borrowers

Friday, 08 September 2017 | News

Older borrowers could soon find it easier to access interest-only mortgages under plans announced by the regulator.

Clock starts ticking ahead of two-year PPI claims deadline

Thursday, 07 September 2017 | News

Consumers who were mis-sold Payment Protection Insurance (PPI) now have two years to submit a claim against their provider.

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.