Property Maintenance

Property Maintenance

Arrears edge upwards – latest official figures from UK Finance

UK Finance’s latest arrears and possessions data shows a modest three per cent rise in homeowner mortgages in arrears to 96,580 in Q1 2024, compared with Q4 2023. ...

Nationwide mortgages dry up for highest flood risk applicants

A report on there Bloomberg news agency suggests that the Nationwide Building Society is using new technology to identify areas at long term risk of flooding. ...

Warning of missed mortgage payments growing in number

A new survey suggests that almost half a million Britons are set to miss a mortgage payment in the next six months  ...

Buy To Let Crisis – lending plummets and arrears soar

There’s been a huge rise in the number of buy to let property repossessions in the first quarter of 2024 compared to the same period 2023. ...

Nationwide’s bold move will make it even bigger mortgage lender

The Nationwide Building Society has agreed to buy Virgin Money in a £2.9 billion deal - a rare example of a mutual taking over a listed bank. ...

Lender’s internal data reveals shocking fast-growing arrears

Global intelligence company Pepper Advantage, which has a portfolio of over 100,000 UK residential mortgages, says there’s been a dramatic increase in arrears. ...

House builders back Labour for long term construction growth

A Knight Frank survey of 50 house builders shows a staggering 70 per cent support for Labour to win the next election. ...

Boost In Buy To Let Lending expected this year say brokers

Just under half of mortgage brokers expect to place more limited company buy-to-let business throughout the next 12 months, Paragon Bank research shows. ...

All To Play For – Seller confidence soars for 2024

London estate agency Foxtons says its latest survey shows a major uptick in the confidence of potential sellers.  ...

Buy To Let arrears double in 12 months

Cases of buy-to-let arrears have doubled in a single year, according to a new analysis. ...

Mortgage industry’s low LTVs blamed for homes being empty

Low loan to value ratios from mortgage lenders are leaving an estimated 90,000 new build homes empty across the UK as prospective buyers struggle to build deposits to get on the ladder, according to specialist finance lender Atelier. ...

Buy To Let mortgage arrears start to rise

Lenders’ trade body UK Finance says there were 11,540 buy to let mortgages in arrears of 2.5 per cent or more of the outstanding balance in the third quarter of 2023. ...

Estate agency group launches mortgages and financial services arm

Estate agency group My Property Box has launched a financial services arm. ...

‘Terrifying’ leap in mortgage arrears

Mortgage arrears in the UK jumped by almost a third between April and June compared with the same period last year, the Bank of England says. ...

UK Finance Review shows how borrowers cope with higher rates

UK Finance’s latest Household Finance Review - for the second quarter of this year - lifts the lid on mortgages. ...

Nationwide cuts rates for second time in a week

Nationwide has reduced mortgage rates for the second time in...

Biggest decline in mortgage rates since October 2024

Mortgage rates recorded their biggest monthly fall since October 2024...

Biggest June house price drop in 14 years

Rightmove reports the sharpest June asking price fall in 14...
Latest Features

More mortgage rate misery to come

Rising swap rates are pushing lenders to reprice fixed deals,...

Gross mortgage lending increases 11.1% by quarter

Mortgage advances and new commitments rise as higher LTV lending...

41% switch banks for better mortgages

Better mortgage deals are a key reason for bank switching,...