Arrears

Over 24,000 families had their homes repossessed during the first half of this year, it was announced today.

Mortgage lenders, the regulator and Government have all come under fire from MPs due to the shoddy way those struggling to pay their homeloans are treated.

Mortgage lenders are hitting struggling borrowers with thousands of pounds of additional fees. Many are thought to be disguised, excessive and can be reclaimed.

Property repossessions are up by 50% compared to the same period last year, it was announced today.

The Government today launched a scheme that allows some hard-up borrowers to defer mortgage interest payments for up to two years.

Housing charities have launched a campaign to protect tenants thrown out of their homes with little warning because their landlord hasn’t paid the mortgage.