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A guide to credit problems
CML reports repossessions stable, arrears falling
The number of repossessions in the first quarter of 2012 was 9,600, the same as in the first quarter of 2011, breaking the recent trend of year-on-year increases in repossessions, according to the Council of Mortgage Lenders. Repossessions in the first quarter were higher than the 8,700 that took place in the fourth quarter of [...]
Millions cutting back on fuel and food bills to pay mortgage
More than one in five people (22 per cent) have spent less on gas and electricity to help pay their rent or mortgage in the last 12 months, and just over one in three (34 per cent) have spent less on food, according to a new survey from Shelter. The results from the YouGov survey [...]
FSA publishes market review
The Financial Services Authority (FSA) has announced plans to prevent a return of the risky mortgage lending seen in boom times, by ensuring that what it describes as common sense standards continue to apply in future. The Mortgage Market Review aims to prevent a recurrence of the irresponsible lending, which resulted in some borrowers taking [...]
Property price reductions grow
The average property seller have had to reduce the asking price of their home by nearly £20,000 to secure a sale, according to new research from Zoopla.co.uk. Over 40 per cent of all UK properties currently on the market for sale have experienced at least one price reduction, as sellers try to entice buyers in [...]
Struggling borrowers ‘should seek help’ says Which?
With an estimated 14 per cent of borrowers struggling to make their mortgage payments, consumer group Which? has called on lenders to help their customers. Research from Which? shows that only a third of borrowers who are facing difficulties have contacted their lender for help even though there are a number of options lenders may [...]
News for problem borrowers
CML reports repossessions stable, arrears falling
The number of repossessions in the first quarter of 2012 was 9,600, the same as in the first quarter of 2011, breaking the recent trend of year-on-year increases in repossessions, according to the Council of Mortgage Lenders. Repossessions in the first quarter were higher than the 8,700 that took place in the fourth quarter of [...]
Millions cutting back on fuel and food bills to pay mortgage
More than one in five people (22 per cent) have spent less on gas and electricity to help pay their rent or mortgage in the last 12 months, and just over one in three (34 per cent) have spent less on food, according to a new survey from Shelter. The results from the YouGov survey [...]
FSA publishes market review
The Financial Services Authority (FSA) has announced plans to prevent a return of the risky mortgage lending seen in boom times, by ensuring that what it describes as common sense standards continue to apply in future. The Mortgage Market Review aims to prevent a recurrence of the irresponsible lending, which resulted in some borrowers taking [...]
Property price reductions grow
The average property seller have had to reduce the asking price of their home by nearly £20,000 to secure a sale, according to new research from Zoopla.co.uk. Over 40 per cent of all UK properties currently on the market for sale have experienced at least one price reduction, as sellers try to entice buyers in [...]
Struggling borrowers ‘should seek help’ says Which?
With an estimated 14 per cent of borrowers struggling to make their mortgage payments, consumer group Which? has called on lenders to help their customers. Research from Which? shows that only a third of borrowers who are facing difficulties have contacted their lender for help even though there are a number of options lenders may [...]
Credit problems in depth
Avoid a sub-prime crisis
Simon Read explains what’s going on behind the sub-prime headlines and how the recent credit crunch will affect you
Cures for problem borrowers
Once upon a time self-employed borrowers or those with debts might have had problems getting a mortgage. But not any more. Carol Davis explains where to find the best deals
A problem solved
Around one in five people gets turned down for a mortgage from a high-street lender. Abigail Montrose explains what to do if it happens to you
How to improve your credit rating
With borrowing at record levels, an estimated 30 per cent of people in the UK could be at risk of being turned down for a mortgage by a high-street mortgage lender. But even with credit problems you can still get a homeloan.
10 Top Tips to improve your credit and find a specialist mortgage
With borrowing at record levels, an estimated 30 per cent of people in the UK could be at risk of being turned down for a mortgage by a high-street mortgage lender. But even with credit problems you can still get a homeloan.
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While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.
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