Homeowner Mortgage Support Scheme: the criteria

11 December 2008
The Homeowner Mortgage Support Scheme, which could let households defer some of the interest payments on their mortgage by up to two years, will not help everyone having problems paying their mortgage.... read more »

Homeowner Mortgage Support Scheme

9 December 2008
In the face of rising unemployment, the Government has announced the ‘Homeowner Mortgage Support Scheme’ to give homeowners in financial trouble some breathing space.... read more »

Mortgage arrears: RBS offers 6-month grace period

2 December 2008
The Royal Bank of Scotland (RBS) has promised to give at least six months’ ‘breathing space’ to homeowners who have fallen behind on their mortgage payments.... read more »

Banks commit to six-month grace period for mortgage arrears

1 December 2008
Two major UK lenders have committed to a six-month grace period for customers who fall into arrears over their home loan repayments.... read more »

Mortgage lenders asked to review repossessions strategy

1 December 2008
UK mortgage lenders have been asked to review the way in which they deal with customers who fall into arrears with their mortgage repayments due to personal finance problems.... read more »

Property auctions growing in popularity

4 November 2008
Auctions are growing in popularity, according to Savills – and problems in the mortgage market are not dragging down the prices as some might expect.... read more »

Council of Mortgage Lenders: repossession already the last resort

23 October 2008
Mortgage providers are already required to seek possession only as a last resort, the Council of Mortgage Lenders (CML) reminded people yesterday.... read more »

IMF: a tough year ahead

23 October 2008
A gradual recovery in Europe isn’t expected until sometime towards the end of 2009, says the International Monetary Fund (IMF).... read more »

Mortgage debt to affect 500,000

19 December 2008
The Council of Mortgage Lenders (CML) has predicted that the number of households falling more than three months behind on their home loan repayments would reach 500,000 next year – more than double 2008’s expected figure of 210,000.... read more »

500,000 to face mortgage arrears in 2009, says CML

24 December 2008
The UK mortgage market faces a "very tough year" in 2009 with the number of households whose mortgages are more than three months in arrears set to hit 500,000 by next December, the Council of Mortgage Lenders (CML) has said. ... read more »

Mortgage rescue scheme launched

16 January 2009
A mortgage rescue scheme which aims to help keep people in their homes is being officially launched today.... read more »

Mortgages: One house repossessed every 10 minutes

26 January 2009
New figures have shown that one house was repossessed every 10 minutes in the third quarter of 2008, as increasing numbers of homeowners struggled with mortgage arrears.... read more »

Unemployment `leading to missed mortgage payments`

29 January 2009
An increasing number of UK consumers are missing mortgage payments as a result of unemployment, it has been suggested.... read more »

Mortgage lenders: can we avoid 75,000 repossessions?

12 February 2009
The latest ‘news & views’ newsletter from the Council of Mortgage Lenders (CML) asks the question: Can we avoid 75,000 possessions in 2009?... read more »

Help! I can`t pay my mortgage

24 April 2009
As a homeowner, your mortgage will almost certainly be your biggest financial commitment. So when it looks like you`ll be unable to meet this month`s mortgage payment, the situation can be very worrying.... read more »

First-time buyers taking on smaller mortgage debts

12 May 2009
There is, for some, an upside to the problems in the housing market: first-time buyers (FTBs) are needing to take on much smaller mortgage debts to buy property.... read more »

Mortgage repossession

18 May 2009
If you`re worried about mortgage repossession, you`re not on your own. In 2009, the Council of Mortgage Lenders (CML) expects around 75,000 properties (representing around 0.66% of all mortgages) to be repossessed.... read more »

`More optimistic` figures from the Council of Mortgage Lenders

1 June 2009
New figures from the Council of Mortgage Lenders (CML) indicate that the housing market might not be quite as bleak as expected, in terms of repossessions.... read more »

Good time to overpay debt as base rate remains low

5 June 2009
Yesterday, the Bank of England announced that the base rate would remain at 0.5%, which is good news for many people with mortgages.... read more »

Negative equity: homeowners and mortgage debt

12 June 2009
Figures from the Bank of England`s latest quarterly bulletin estimate that up to 1.1 million households were in negative equity at the end of the first quarter of 2009. This means that up to 11% of homeowners with a mortgage owed their lender more than their property was actually worth.... read more »