Natwest and Royal Bank of Scotland have offered customers additional debt help by reducing rates on their fixed-rate mortgages. Customers who opt for fixed deals will benefit from rates that have been lowered by 0.35 per cent to 0.60 per…

Lenders must expect more homeowners to fall into arrears over the coming months, it has been suggested. Al Elliot, an advisor from the Homeowners Advice Centre, has predicted that many households will struggle to handle their debt management, as falling…

The Council of Mortgage Lenders (CML) has stated that there may have been some confusion in the media over repossession figures. Reports criticising banks, particularly Northern Rock, may be “misleading” as some outlets may have quoted the wrong figures, the…

A return of 90-95 per cent loan-to-values (LTV) is needed to inject life into the mortgage market, it has been claimed. Gareth Samples, sales director at Your Move, has suggested that first-time buyers will find it increasingly difficult to get…

A lack of mortgage finance continued to restrict the housing market in September, according to a new report from the Royal Institution of Chartered Surveyors (Rics). The average number of transactions per surveyor dropped to less than one a week,…

There has been a 21 per cent increase in sales of equity release plans at Newcastle Building Society compared to a year ago. In addition, drawdown schemes are showing continued popularity because of their flexible nature, the organisation noted. The…

Many house buyers are prepared to go into more debt in order to find a home in the ideal location, new research has suggested. A survey from Halifax Estate Agents has revealed that people are prepared to pay over £20,000…

It appears that debt help may be on its way for many borrowers as banks and building societies began to cut rates in line with the Bank of England’s decision to lower the central figure to 4.5 per cent. Woolwich,…