Mortgages

Young Britons are being saddled with debt but are unlikely to build up assets in the same way as previous generations, a report commissioned by debt advice charity the Consumer Credit Counselling Service (CCCS) found today.

Nationwide warns today that the housing market remains "subdued" despite prices rising by 0.4% last month.

Rents in England and Wales reached a record high of £718 per month in September, a report found today.

Thousands of homeowners with interest-only mortgages may be stuck on their existing deal when their introductory offer ends, paying far more each month in future.

Mortgage lender Halifax says the property market continues to lack direction after it reported a second successive month of lower prices today.

The Bank of England today announced it is holding the base rate at its 0.5% historic low for the 31st consecutive month.

The average rate on a two-year fixed mortgage has hit a new record low, though that doesn't mean overall costs are necessarily falling.

House prices continued to "tread water" last month with a 0.1% rise, mortgage lender Nationwide said today.

The Bank of England today announced it is holding the base rate at its 0.5% historic low for the 30th consecutive month.

House prices dropped 1.2% last month, the Halifax says today, ending three months of rises.