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Household finances at breaking point, says Shelter
Housing charity says it is seeing a 'stream of cases' of families unable to cope with mounting rent or mortgage paymentsRising bills and high housing costs are pushing many household budgets "to...
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One in five 'borrow money to pay rent or mortgage'
Shelter says increasing numbers of people are turning to loans, overdrafts, credit cards or someone they know to make ends meetOne in five people borrowed money to meet rent or mortgage payments in...
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Yorkshire building society to reimburse mortgage arrears customers
About 34,000 current and former mortgage customers will receive almost £250 each for being incorrectly charged an administrative fee for falling into arrearsYorkshire building society is to refund...
View ArticleDebt advice live
The credit crunch, rising unemployment and high inflation have put the squeeze on household budgets, pushing many into debt. Our reporters are live with three debt organisations to show how easy it is...
View ArticleYoung homeowners have lower arrears, says debt counselling charity
Household budgets of people in 20s are managed better thanks to cheap deals, says Consumer Credit Counselling ServiceCheap mortgage deals have "dramatically improved" the household budgets of young...
View ArticleLondon housing crisis: repossession variations
New research from Shelter shows London's local variations in mortgage woesShelter's new report on home repossession risk hotspots in England shows London boroughs distributed intriguingly throughout...
View ArticleFive of UK's worst repossession areas are in the north west
Cheaper prices do not mean better times for housing. Nicola Hughes of Shelter introduces a new reportThe much debated north-south divide could hardly be more apparent than when it comes to housing....
View ArticleUK house prices fall for third month
Slump in demand for homes comes as government launches Funding for Lending scheme to assist first-time buyersHouse prices have fallen for the third month in a row as a summer slowdown in demand...
View ArticleGovernment-owned 'bad bank' UKAR issues mortgage arrears warning
Interest rate rise to 1.5% would hit 22,000 customers, says body managing mortgage books of Northern Rock and Bradford & BingleyMore than 20,000 mortgage customers at the government's "bad bank"...
View ArticleBanks urged to warn mortgage borrowers to look at how higher interest rates...
The Bank of England will raise rates soon and experts want lenders to prepare homeowners for possible financial hardshipMillions of mortgage borrowers are at risk of financial hardship when the Bank of...
View ArticleShelter says homelessness helpline is stretched to the limit
One-third of calls go unanswered amid huge rise in callers seeking advice on rent and mortgage arrears, claims charityBenefit cuts and rising pressures on household budgets have driven a surge in the...
View ArticleGovernment urged to act to prevent mortgage defaults
Up to 2 million homeowners could struggle financially if interest rates rise from 0.5% to 3%, warns Resolution FoundationThe government and finance industry regulators have been urged to adopt a...
View ArticleThe repossessions timebomb: how to help homeowners at risk of default
With interest rates expected to rise and many people already struggling with housing costs, the Resolution Foundation's Katie Blacklock looks at how to help those at risk of losing their homeAgainst...
View ArticleHousing market slowing, surveys show
Council of Mortgage Lenders data shows ‘plateau’, while Bank of England report points to caution among potential homebuyersMore evidence that the housing market is slowing has emerged with figures...
View ArticleYorkshire Building Society fined £4m for unfair treatment of borrowers
Financial regulator hands down biggest ever fine for building society as YBS repays 34,000 struggling borrowers a total of £8mThe Financial Conduct Authority has fined Yorkshire Building Society £4.1m...
View ArticleGovernment-owned ‘bad bank’ UKAR pays back another £1.6bn
Cash used to repay £48.7bn loan for looking after nationalised Northern Rock and Bradford & Bingley mortgages in 2008The “bad bank” which houses the remnants of Northern Rock and Bradford &...
View ArticleMortgage lending tumbles at Nationwide as house prices cool
Building society says net mortgage lending slumped by £2bn to £3.6bn in the six months to the end of SeptemberThe housing market is starting to cool, Nationwide building society has said as it reported...
View ArticleBank of England: half a million housebuyers face mortgage arrears
Homebuyers have an average mortgage debt of £83,000 plus unsecured loans of £8,000, typically earning £43,000 a yearThe Bank of England has warned half a million families would be at risk of falling...
View ArticleMillions fear missing January’s rent or mortgage payments, says Shelter
Interest rate rise would put many more in trouble, with almost 60% saying they are already struggling to meet housing costsMore than 3m households in Britain fear missing their rent or mortgage...
View ArticleFirst-time home buyers at seven-year high
Number of buyers joining property market for first time rose by 22% to 326,500 in 2014, Halifax saysThe number of first-time buyers climbing on to the property ladder rose by more than a fifth last...
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