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Finance Archive
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Mortgage Rates Above Average With State-Funded Banks
The average rate for a two-year fixed-rate mortgage at 75 per cent loan-to-value is 4.19 per cent. But state-funded banks have been charging higher than this. -
Lloyds Losing Grip on Mortgage Market Share
Lloyds, owner of Halifax has told the Guardian that its homeowners struggling to repay loans has increase, but also there are fewer borrowers in negative equity. -
Bank of Scotland Receives Most Complaints About Mortgages
The Financial Ombudsman Service has revealed that the Bank of Scotland has received the most complaints regarding mortgages and home finance, even though it doesn?t have the highest percentage of them being upheld. -
Britons Unaware of True State of Mortgage Market
Thinking they know the situation of the mortgage market after the credit crunch, it turns out they many Britons don?t know it at all. -
Merging Building Societies Plug Huge Losses
Two building societies ? Yorkshire and Chelsea, who will be merging on April 1 - have been hit for a total of ?39.6m last year. -
RBS Holds Over 10pc Market Share
10.9 per cent of the market share in new mortgage lending belongs to the state-owned Royal Bank of Scotland. -
Overpaying Mortgages Becoming an Increasing Trend
Since the recession began, the average mortgage holder has overpaid more than ?3,000 on home loan payments, hoping to reduce their debts. -
2009 Saw Repossessions Reach 14-Year High
2009 saw 46,000 borrowers have their homes repossessed and 188,000 borrowers get behind on their debts. -
62pc of Mortgage Holders Want to be Mortgage-free by 50
Seeing it as a way to change their lives for the better, many mortgage holders in the UK are hoping to be mortgage free by the age of 50.
