Mortgages

Low interest rates mean fewer homeowners are struggling to keep up with their mortgage repayments, according to Council of Mortgage Lenders figures released today.

Many homeowners paying a standard variable mortgage rate (SVR) with a decent credit score and 10%+ equity, can ditch their mortgage and save by getting a new one.

The limit for transferring money by Faster Payments with your bank is £100,000, yet many banks set the limit much lower – sometimes as low as £10,000.

House prices hit an all-time high this month, but the pace of growth has been slowing for two months in a row, according to Nationwide.

Current and former Yorkshire Building Society (YBS) mortgage customers may be in line for a refund of arrears fees after the firm has been fined more than £4.1 million for failing to properly deal with customers struggling to repay.

Scotland is to scrap the abolute or 'slab structured' stamp duty system that exists in the rest of the UK in favour of a proportional system where tax is paid only on the portion of the purchase price that goes over each threshold, rather than the entire amount.

Royal Bank of Scotland and NatWest have today been fined nearly £14.5 million after the Financial Conduct Authority (FCA) found "serious failings" with the mortgage advice given to customers.

House prices increased to another new all-time high of £188,949 on average in July, Nationwide has reported

House prices have rocketed past their 2007 peak to stand at an average of £188,903 across the UK in June, a new all-time high, Nationwide has reported.