November saw a £2.9 billion increase in net mortgage lending, new figures have revealed. The data, compiled by the British Bankers’ Association (BBA), indicated lower lending levels than for the previous month – where lending rose by £3.3 billion –…

The number of fixed-rate mortgages in the lending market has increased over the last 12 months, new research has revealed. Moneyfacts.co.uk has found that these homeowner loans now account for 69 per cent of the total market, up from 51…

Those with tracker mortgages are on course to save a total of £9 billion over the next year following the recent base rate cuts, it has been suggested. Research by price comparison website uSwitch.com has revealed that the annual percentage…

Government proposals outlined in its new Mortgage Support Scheme have been criticised by moneysupermarket.com. The comparison website has condemned the initiative – which is aimed at helping homeowners who have temporarily lost income due to the economic slowdown – for…

The economic downturn is affecting elderly people who need to pay for their care home fees, it has been suggested. According to Saga, some people are being forced to take out secured loans against their house in order to afford…

Abbey has adjusted its fixed-rate mortgages, introducing reductions of up to 0.6 per cent, it has announced. The lender made the move yesterday, unveiling new rates for its two-year homeowner loans that carry loan-to-values (LTVs) of 60 and 75 per…

New government measures to help those in danger of having their home repossessed have been hailed as a “step in the right direction” by the Homeowners Advice Centre. The new Homeowner Mortgage Support Scheme was announced last week, and advisor…

Britons who choose to keep their money at home rather than in a bank or building society are putting their finances at risk, it has been suggested. According to Abbey, 4.6 million people choose to store their cash in their…