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Mortgage arrears Archive
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Debt charity warns of rise in mortgage arrears
National debt charity Consumer Credit Counselling Service (CCCS) has warned today that many homeowners risk falling into mortgage arrears this year due to budget pressures such as high inflation and wage freezes. It predicts that a rise in interest rates, which will lead to higher monthly mortgage payments for thousands of borrowers, will see many [...] -
Two million people use credit cards to pay mortgage or rent
More than 2 million people in the UK have used credit cards to pay their mortgage or rent in the last 12 months, according to new research from Shelter, the housing and homelessness charity. The survey was conducted in August 2010 and asked 2,202 people if they had borrowed money on their credit card to [...] -
What the papers say – 7th October 2009
The Daily Express focused on the sub-prime market this week, and looked at the handful of lenders who will still offer mortgages to people with mild credit problems, such as Beacon Homeloans, GE Money and Platform Homeloans. These loans may be helpful to some, but lenders will not generally consider anyone with missed payments within [...]
