repossessions

Could you defer your mortgage payments?

Homeowners struggling to meet their mortgage debt could be offered lower monthly repayments as part of a new government and banking initiative.

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Free yourself from debt

After several years when all everyone talked about was easy credit, the economic downturn has transformed this focus overnight into an overriding concern about debt.

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Sharp rise in missed mortgage payments

An alarming 377,000 mortgage borrowers are currently in arrears on their loans, data from the financial regulator reveals.

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Home repossessions continue to rise

The number of people whose homes were repossessed by their lenders jumped by 40,000 last year.

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1.97 million people out of work

The number of people out of work climbed to 1.97 million between October and December, up 146,000 from the previous three months and up 369,000 from the previous year.

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Repossessions up 92%

The number of homeowners facing repossession has jumped by more than 90% over the past 12 months, according to official statistics from the financial watchdog.

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Mortgage rescue plan extended

Struggling homeowners will be able to sell all or part of their homes to their local authority without having to move out, under extended government plans to prevent the predicted rise in repossessions.

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More support for struggling homeowners

Homeowners who struggle to pay their mortgages after losing their jobs will now only have to wait for 13 weeks before they can apply for state help.

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Jobless can defer mortgage payments

Homeowners facing repossession will be able to defer the interest part of their payments for up to two years, Gordon Brown announced today.

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Good news for struggling homeowners

Northern Rock has given struggling homeowners a six-month period to get back on track with payments before it starts repossession proceedings.

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