Safe Home Income Plans (Ship) has advised consumers to be aware of the differences between sale and rent back schemes and equity release plans when attempting to raise finance on their homes. The organisation warned that while those who opt…

First-time buyers have been urged to carry out debt management in order to get onto the property ladder. Michael O’Flynn from website FindaProperty has claimed that borrowers must make sacrifices if they wish to own a home in the current…

House prices fell by 1.7 per cent in September, meaning that more people may be facing the prospect of negative equity, a new report has shown. The average value of a home was £161,797 in the ninth month, compared to…

It is ‘obvious’ that low mortgage rate offers are going to be withdrawn as a result of recent turmoil in global financial markets, an industry insider has said. David Kuo, head of personal finance at fool.co.uk, has claimed that homeowners…

A six-bedroom house valued at around £11 million has been repossessed. The mansion, in Holland Park in West London has been reclaimed by a bank in what is thought to be one of the most expensive repossessions in history. It…

More borrowers took out variable rate mortgages over the past three months, according to a new report. The research from Legal & General showed that 35 per cent of homeowners opted for a variable deal, compared to 24 per cent…

Parents are so keen to get their children into a good state school they would add another £50,000 onto their mortgage, it has been revealed. A poll for Fidelity International subsidiary FundsNetwork has shown that one in four parents would…

Equity release has been identified as a “serious element” in planning for retirement by a finance expert. Dean Mirfin, the business development director of Key Retirement Solutions, commented on David Blunkett’s call for equity release schemes to be used by…