MSE News

Mortgages

Housing developers face enforcement action over leasehold terms

The competition watchdog has launched enforcement action over leasehold concerns and is investigating four leading housing developers after uncovering "troubling evidence" of potentially unfair terms and potential mis-selling

4 September 2020

Regulator proposes 'tailored support' for mortgage holders once payment holidays end

The Financial Conduct Authority has said firms should consider a range of support options – including waiving or reducing payments – under new proposals to help mortgage customers who are still struggling once coronavirus-related payment holidays end on 31 October 2020

26 August 2020

Regulator proposes new rule change to help more mortgage prisoners – but lenders won't have to apply it

The financial regulator has proposed a change to its rules which could make it easier for 10,000s of borrowers in 'closed mortgage books' to switch to a cheaper deal – though it will be up to lenders whether they actually carry out the change

30 July 2020

Transaction tax cut for homebuyers in Scotland and Wales until April

Most homebuyers in Scotland and Wales soon won't pay transaction tax on the first £250,000 of a property's purchase price, under temporary measures announced by the devolved administrations in the wake of the stamp duty cut in England and Northern Ireland last week

14 July 2020

Homebuyers won't pay stamp duty on properties up to £500,000 until next April

Homebuyers won't pay stamp duty on the first £500,000 of a property's purchase price, in a temporary measure announced by the Chancellor today

8 July 2020

Homeowners set to be able to extend mortgage payment holidays

Those struggling to pay their mortgage due to coronavirus are set to be able to extend their payment holidays for three more months, or start making reduced payments, in proposals published today

22 May 2020

Payment holidays may hurt mortgage application chances via the back door

New information uncovered by MoneySavingExpert.com indicates taking a payment holiday on your mortgage or other forms of credit could have an impact on future credit applications despite promises that credit scores won't be affected

14 May 2020

Homebuyers and renters urged to delay property moves

The Government has urged those with imminent house moves to delay their moving date while measures are in place to stop the spread of coronavirus

27 March 2020

First Direct error leaves some mortgage customers facing higher repayments – and others in line for money back

Some First Direct mortgage customers will see their payments increase – while others will be in line for money back – following an error

9 March 2020

Treasury Minister replies: 'Martin, I'll listen to your mortgage policy plans, but I've lines you can't cross'

The Economic Secretary to the Treasury has responded to news that MSE founder Martin Lewis is funding research to try to release 250,000 mortgage prisoners

2 March 2020

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