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Repossessions Rise

2009 saw the number of people who had their homes repossessed reach a 14-year high.

 

Personal insolvency hits record high

35,574 people were declared insolvent in the last three months of the year.

 

Motorists waste £9.4bn by sticking and not shopping around

Motorists are set to waste £141 each or £9.4bn collectively by sticking with their existing insurer and not shopping around for car insurance.

 

Lender to repay borrowers

The GMAC-RFC mortgage lender has been fined £2.8m by the Financial Services Authority (FSA) for mistreating customers who fell into arrears.

 

Sterling hits six month low

The pound fell to a six-month low against the euro today after inflation fell by more than expected to 1.1 per cent in September.

 

How easy is it to obtain a buy-to-let mortgage?

According to research professional landlords are reporting that buy-to-let mortgages are becoming difficult to obtain.

 
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