Mortgages

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. 

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.

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.

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.

Some First Direct mortgage customers will see their payments increase – while others will be in line for money back – after an error meant some customers' monthly payments were miscalculated.

The Economic Secretary to the Treasury, John Glen, has responded unsolicited to news that MoneySavingExpert.com founder Martin Lewis is funding academic research to try to find solutions to release 250,000 mortgage prisoners. 

The competition watchdog says it has found evidence of potential mis-selling and unfair contract terms in the leasehold housing sector, and is set to launch enforcement action.

A MoneySavingExpert.com user has become the "favourite neighbour" in his area after challenging his council tax band and getting a price reduction for him and 29 other apartments in his postcode. 

A new study at the London School of Economics and Political Science (LSE), funded by MoneySavingExpert.com founder Martin Lewis, will look to find solutions to unchain 170,000 'mortgage prisoners'.

Treasury Minister John Glen has said that he is willing to consider extending the limits of the financial regulator's powers to help more 'mortgage prisoners' who are stuck on expensive deals with unregulated lenders and lenders that no longer offer new mortgages.