Potential homeowners are being advised not to lie on mortgage applications because it could create long-term credit problems. Equifax believes that the recent tightening of mortgage lending criteria could encourage more people to lie about their financial circumstances in order…

A lack of financing is causing problems for those involved in housing market chains, one expert has suggested. Situations where buyers are reliant on other people in a chain in order to be able to move house are being increasingly…

Older people are increasingly looking towards equity release as a means of accessing additional finance, one expert has suggested. This is despite a recent study that has showed some flaws in the information provided to customers. According to research by…

Landlords with high loan-to-value (LTV) ratios have been hit “especially badly” by the economic downturn, it has been claimed. Residential Landlords Association chairman Alan Ward said that falling property prices have been detrimental to the sector, with some lenders demanding…

Individuals looking to purchase their first property may find themselves getting into financial difficulty by taking out a loan to fund the venture, one expert has suggested. Louise Cuming, head of mortgages at comparison site moneysupermarket.com, remarked that with 13…

Offering borrowers mortgages worth more than the value of their new property can help Britons deal with negative equity and thereby reduce the risk of repossession, one expert has stated. With growing numbers of people returning to the UK property…

The high rates offered by lenders are only causing the housing market to stagnate, one expert has suggested. Helen Adams, managing director of property advice website FirstRungNow.com, stated that “penalising” first-time buyers with rates that are too expensive will only…

Tomorrow’s Bank of England Monetary Policy Committee (MPC) meeting is likely to leave the interest rate unchanged, according to one expert. Economist at financial data company Defaqto Michael Baxter said that it is “way too early” to start increasing the…