Mortgages

A new single complaints service for renters and homeowners in England is to be launched, in a step forward for MoneySavingExpert.com's campaign for reform – but there's still more to be done.

There is "no reason to hang around" on introducing a new rule that will free up to 140,000 mortgage prisoners, the head of the financial watchdog told MPs today.

The financial watchdog is to consult on introducing new lending rules which could help free as many as 140,000 mortgage prisoners, in a huge step forward for MoneySavingExpert.com's campaign.

Online estate agent Emoov has gone into administration, leaving thousands of customers in limbo – if you're worried you'll lose out, here's what you need to know. 

The Government has been criticised in the House of Lords for letting "the months and years slip by" without providing a solution for mortgage prisoners.

According to the latest figures from HM Revenue & Customs, 141,100 first-time buyers have bought properties without having to pay stamp duty, and a further 39,400 have paid a discounted rate in the year since first-time buyers relief was introduced.

The Government could make changes to the law which is often blamed for creating mortgage prisoners, Treasury Minister John Glen has said in a letter published today.

The financial regulator wants to help mortgage prisoners "as a matter of urgency" including those stuck on deals with firms it doesn't regulate, its executive director of strategy and competition has said this morning.

First-time buyers in shared ownership homes will pay zero stamp duty on the first £300,000 of any home that costs up to £500,000 with immediate effect, the Chancellor has announced. The change will be retrospective back to the last Budget (22 November 2017).

Tens of thousands of Halifax mortgage customers are to be given a redress payment of £20 after the bank uncovered an error in the way interest has been charged that dates back eight years, MoneySavingExpert.com can reveal.