Mortgage lenders should offer more support to homeowners who are struggling to meet their mortgage repayments, it has been claimed. According to advisor at the Homeowners Advice Centre Al Elliot, lenders should offer reduced repayment plans instead of considering repossession,…

Borrowers whose current mortgage deal is coming to an end have been urged to remain patient in order to find the best new deal. Head of mortgages at moneysupermarket.com Louise Cuming issued the advice following last week’s interest rate cut,…

The recent cut in interest rates could help borrowers pay off their mortgage up to six years sooner, it has been claimed. In news that may interest those wanting to become debt free, director of mortgage firm John Charcol Drew…

Lenders should be following the new guidelines for best practice when it comes to repossessions, one expert has said. According to a spokesperson for the Money Advice Trust, lenders must now prove they have tried every course of action to…

Mortgage borrowers looking to reduce their debt have been urged to resist the temptation to switch to an interest-only package by a price comparison website. Moneysupermarket.com has advised those considering of making the move – possibly in an effort to…

Repossession levels increased during the second quarter of 2008, new figures from the Financial Services Authority have revealed. According to the new data, instances of homes being repossessed – which may have occurred due to owners falling into debt or…

Property repossessions are set to increase before the end of 2008 due to many owners defaulting on their monthly repayments, one property expert has predicted. Aaron Turner of look4aproperty.com has stated the country’s middle classes will suffer as a result,…

Homeowners who are struggling to make their mortgage repayments have been urged to contact their lender over the issue as soon as possible by the Homeowners Advice Centre. Advisor for the body Al Elliot noted that, in order to reduce…