Latest Mortgages News
The GMAC-RFC mortgage lender has been fined £2.8m by the Financial Services Authority (FSA) for mistreating customers who fell into arrears.
Nationwide Building Society has introduced a mortgage allowing borrowers to take loans worth 125% of the value of the home they are buying.
HSBC has announced a new discount mortgage rate of 2.99 per cent.
Mortgage shortage key to property market
The key fact in the market's slump has been the lack of buyers because of the shortage of mortgage funds.
Problems in UK mortgage market could intensify over the next few months, claims the BoE.
The mortgage market is shrinking under the impact of the continuing problems in the banking system, say lenders.
The last lender offering so called 125% mortgages has pulled them from the market.