Mortgages

Bank of Mum and Dad' is now a £5bn mortgage lender

Tuesday, 03 May 2016 | News

In 2016, parents in the UK will lend their children £5 billion to buy their first home or move up the property ladder, a new study has revealed.

Will my mum be taxed on the cash she lent me to buy my first home?

Tuesday, 03 May 2016 | Question and Answer

If the HMRC views the money your mother put in as a loan, then she may withdraw it tax-free and account for the interest as an income in her self- assessment tax return.

Hundreds of thousands of homeowners trapped in negative equity

Wednesday, 27 April 2016 | News

Hundreds of thousands of homeowners across England and Wales who bought properties at peak prices in 2007 – just before the recession – are now in negative equity, according to new research.

Should you fix till 2026 with new best-buy mortgages?

Wednesday, 17 February 2016 | News

Borrowers can secure their monthly mortgage repayments until 2026 for less, thanks to two new ultra-long fixed rate mortgage deals from TSB and First Direct.

The Big Short film review

Monday, 22 February 2016 | Blog | By Helen Knapman

Banks have long been trying to improve their image, but after watching the The Big Short – the latest blockbuster to document the 2007/2008 financial crash – any trust I had in them seems to have dissipated.  

Mortgage lending at its highest level since 2008

Thursday, 21 January 2016 | News

Gross mortgage lending rose by 8% in 2015, with an estimated total for the year of £220.3 billion.

Playing the Monopoly house price game

Tuesday, 22 December 2015 | Article

Do not pass go. There’s no point – you probably won’t be able to afford it! In 1935, Parker Brothers produced the first British edition of Monopoly, the eponymous board game.

I haven't got enough money to pay off my mortgage. What can I do?

Monday, 21 December 2015 | Question and Answer

With time running out fast on the existing mortgage term, it’s essential that you take action now.

Northern Rock mortgage sell-off: what customers need to know

Friday, 13 November 2015 | News

The government has agreed to sell a £13 billion chunk of the debt it bought when it acquired Northern Rock mortgages during the financial crisis – accounting for around 125,000 mortgage and loan customers.

Mortgage lending dips in August but buy-to-let remains buoyant

Tuesday, 13 October 2015 | News

Mortgage lending dipped by almost 9.3% in August 2015 compared to a month earlier, according to the latest figures from the Council of Mortgage Lenders (CML).