The squeeze on availability of interest-only mortgages continued today when a major lender announced plans to withdraw its range of products for new customers.
A group of mortgage holders face an unprecedented rise in home loan costs after Manchester Building Society decided to raise tracker rates for existing borrowers, even if the base rate remains unchanged.
First-time buyers rushing to jump on the property ladder before the end of a stamp duty holiday helped house prices jump 2.2% in March, lender Halifax revealed today.
Borrowers left with sky-high mortgage rates because they cannot switch home loan need extra protection to avoid potentially crippling bills, according to an advisory group.
Payment protection insurance (PPI) can no longer be sold at the same time you take out a mortgage, loan or credit card, under new rules that come into force on Friday.