Debt

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

Thousands of struggling homeowners are failing to seek help when they get into difficulties paying their mortgage. Experts say getting assistance can prevent repossession.

Unsolicited credit card cheques are to be outlawed as part of a major government clampdown on credit card and store card providers.

Barclaycard holders could have thousands of pounds added to their debt which could take decades longer to clear, after the provider changed its payment terms.

Major mortgage lenders are offering to knock thousands of pounds off borrowers’ homeloans if they move their debt elsewhere.

A government initiative to prevent struggling homeowners from losing their property only helped one borrower in April. This takes the grand total to just two since the Mortgage Rescue scheme was launched in January.

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

Consumers hoping to get their loan or credit card debt wiped off or reduced via the courts by exploiting loopholes in legislation have been warned by a lawyer that they’ve little chance of immediate success.

The Government’s much-trumpeted Mortgage Rescue Scheme has only helped one struggling homeowner avoid losing their home since it was launched in January.

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