Millions of mortgage holders have either been hit with a huge rise in repayments this year, or will shortly see costs soar. Yet some five-year fixed rate deals for new borrowers are at an all-time low. So is it time to consider a new home loan?
Rents soared to a new high last month, with "fierce competition" from frustrated would-be home buyers continuing as the market enters its summer peak, a study said today.
Home buyers are still likely to make decent returns on their investment in the longer term despite the weakness of the current market, a study has found.
The Government should give struggling mortgage borrowers more help to avoid repossession by keeping some temporary benefit arrangements in place for at least another year, lenders have urged.