Five reasons NOT to start overpaying a mortgage…and reasons you should By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:53 GMT, 31 October 2020 | Updated: 21:53 GMT, 31 October 2020 Homeowners dream of the day they finally become mortgage free – but should you bring that happy day forward by overpaying your mortgage … Read more
Borrowers are facing mortgage mayhem as banks axe deals and hike rates. Major delays also mean homebuyers are at risk of missing out on generous stamp duty savings. But don’t despair — here Money Mail explains everything you need to know to navigate the chaos… WHY IS THE MARKET BOOMING NOW? A stampede of home … Read more
Triple trouble for house sales: Backlog could see THOUSANDS miss out on stamp duty holiday as number of mortgage deals halves and cost of a two-year fixed deal goes up by £600 Figures show 325,000 buyers will not complete before the March 31 deadline Buyers are also facing rising interest rates on mortgage deals There … Read more
Mortgage holidays end next week: How to get your home finances back on track, even if money is still tight The government’s mortgage holiday scheme ends officially on 31 October Banks say they will continue offering support to hard-up borrowers Delaying mortgage payments further will damage your credit score By Will Kirkman For Thisismoney.co.uk Published: … Read more
Homeowners stuck in flats they cannot sell due to a red-tape nightmare are now so desperate they are flogging their properties at enormous discounts. Lenders have been refusing to offer mortgages on tens of thousands of homes after new safety rules were introduced in the wake of the Grenfell Tower fire. But homeowners say they … Read more
Savings rates are languishing at rock bottom and with the looming spectre of negative interest rates, many will be wondering how to make the most out of their cash. For those with large savings pots an offset mortgage could save them substantial amounts of money without the risk of investing the cash. An offset mortgage … Read more
Mortgage crunch time: Lenders slam the breaks on renewing mortgages and approving first-time buyers amid fears over house prices and job losses Experts warn a mortgage crunch is coming as lenders pull deals and hike rates It comes as furlough and mortgage holidays are set to end this month One in four homeowners is worried about … Read more
Misery for home-buyers as banks are set to axe even more mortgage deals Mortgage lenders are preparing to raise rates and tighten their requirements A fall in house and a winter jobs crisis could lead to fewer affordable loans available Experts fear it could mark the end of a ‘mini-boom’ in the housing market By … Read more
What happens when a couple separates, one partner moves out and then refuses to maintain the mortgage payments? Does the remaining borrower have options? RS Ultimately, if both parties are named on the mortgage they are jointly responsible MailOnline Property expert Myra Butterworth replies: I’m sorry to hear that you are now having to deal … Read more
Mortgage ‘fire sales’ – where specific loans are only available for up to 48 hours – will become the norm By Sarah Bridge, Financial Mail on Sunday Published: 21:50 BST, 10 October 2020 | Updated: 21:50 BST, 10 October 2020 Mortgage ‘fire sales’ – where specific loans are only available for up to 48 hours … Read more