Tag Archives | secured homeowner loan

FSA reports a 31% surge in Mortgage Arrears

According to a recently published article by the Financial Services Authority (FSA) on the latest mortgage lending statistic they reported a sharp surge in mortgage arrears. With borrowers continuing to struggle to clear their mortgage arrears, the numbers of arrears have been progressively increasing since the beginning of 2007. By the end of 2008 there […]

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Homeowners 2-year Mortgage holiday debt nightmare?

Gordon Brown could not wait to upstage the Queens’ Speech by releasing his governments’ latest initiative to the MPs in the House of Commons. He announced that mortgage borrowers who suffered from a drop in income would be able to defer their mortgage interest payments for up to two years. This initiative was agreed by […]

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Mortgage Lenders Finally Slash Mortgage rates | Mortgage Expert

In the wake of last weeks shock announcement by Bank of England of a 1½% interest rate drop from 4.5% down to 3%. This was not before time! Around 40 mortgage lenders withdrew their trackers rate products from the market and said they would be reviewing and relaunching their tracker products later this week. By last Friday afternoon […]

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