Should I tell my mortgage lender about a diagnosis?
Q I have been diagnosed with breast cancer. I have a mortgage on my house and have always kept up to date with repayments.
What I would like to know is, do I have to te...
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Rate rises 'slow mortgage lending
Interest rate increases in the past year have succeeded in putting the brakes on the property market, figures published today suggest.
Three major reports showed a sign...
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Must you repay an old mortgage shortfall?
Q A friend of mine received a letter from the Halifax last week, asking for a £14,500 sum to cover the repayment shortfall on the mortgage when her house was reposse...
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FSA takes over mortgage regulation
Changes surrounding the way mortgages are regulated came into force yesterday, as the City watchdog the Financial Services Authority (FSA) took over responsibility for th...
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Mortgage approvals slump by 30% as repossessions rise
The UK housing market has suffered a sharp slowdown, according to figures which show that approvals for new mortgages slumped by 30% in a year.
And separate figures rev...
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The sting in a mortgage tale
While borrowers fixate on getting the very lowest interest rates on their mortgages, they may fail to notice the quiet yet dramatic rise in arrangement fees.
Mortgage a...
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Mortgage lending hits 12-month low
The chances of another rise in interest rates faded today as mortgage lending slowed to its lowest level for a year during August.
In an another sign that the series of ...
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Mortgages drop 10% in a month
The number of new mortgages approved for house purchase fell sharply last month to 64,000, the smallest number since January, the British Bankers' Association said yester...
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New mortgages continue to drop
The number of mortgages approved for buying a house fell for the third month in a row during August, according to the British Bankers Association, providing further evide...
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When a best buy mortgage is the worst value
Many banks and building societies are pushing up the fees attached to their mortgages so they can offer more headline-grabbing rates and propel themselves into the best-b...
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Mortgage costs 'highest since 90s
Homeowners have seen the cost of their mortgages rise by 12% during the past year as the price of borrowing increases, according to a report.
Single homeowners spent an ...
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Mortgage lending falls as housing market slows
Further clear signs of a slowdown in the housing market emerged today as lenders said the amount of money borrowed for mortgages fell significantly in August.
According...
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Best mortgage: First Direct
The winner of the mortgage category has always prided itself on being different. First Direct pioneered stand-alone telephone banking and offers customers the choice of t...
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Mortgage cover to cost even more
Nationwide has surprised critics by increasing the cost of its mortgage payment protection insurance (MPPI) amid widespread concern about the profit margins on this produ...
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4m 'would struggle' with 2% mortgage increase
One in four homeowners would find it hard to meet their monthly mortgage repayments if interest rates rose by a further 2%, research showed today.
Around 26% of mortgag...
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Mortgage slowdown eases rate rise fears
The prospect of further aggressive increases in interest rates was fading last night amid evidence that dearer borrowing has depressed mortgage demand and consumer spendi...
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UK mortgage lending falls
The number of mortgages approved for buying properties dropped sharply in July compared with the previous month and a year ago, the British Bankers' Association said toda...
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Mortgage, Isa or pension fund?
Q I am 29 years old and own two and a half flats. My parents own the other half! However, ever increasing debt (due to a reasonably low salary and flat expenses) has mea...
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Mortgage lending reaches record heights
Loans to people buying property pushed mortgage lending to record levels in July, according to figures published today.
The Council of Mortgage Lenders (CML) said that p...
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Mortgage lenders pass on interest rate rise
Barclays today became the latest lender to announce it was increasing mortgage rates following the recent hike in interest rates.
The group, which includes Barclays and...
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Is it time to fix your mortgage?
The Bank of England's monetary policy committee (MPC) has spoken and, as expected, it has declared an increase in the base rate to 4.75%. If past performance is anything ...
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Mortgage lenders' house price figures are flawed, says builder
One of Britain's biggest construction firms yesterday dismissed building society house price indices as "flawed".
The chief executive of Taylor Woodrow, Iain Napier, sa...
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Is an offset mortgage really such a saving grace?
If you're one of those people who likes to keep an eye on the mortgage market with a view to chasing the best deals, you will almost certainly have been offered an offset...
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Should I use my redundancy to settle my mortgage early?
Q I have recently been made redundant and am in a position to repay my mortgage. There are 21 months for the mortgage term to end and the interest rate is variable, now ...
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Mortgage borrowing hits record high
Mortgage lending continued to increase in June, in spite of a shaky property market, figures showed today.
According to the Council of Mortgage Lenders (CML), the amount...
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Would you advise a repayment or interest-only mortgage?
Q My partner and I want to invest in a home for our retirement. We have found a house we like for ?225,000. It has been renovated to a high standard and is slightly over-...
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Liberal Democrats call for greater mortgage protection
Homebuyers should automatically be offered insurance to cover mortgage repayments, the Liberal Democrats said today.
The party is calling on lenders to offer payment pr...
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Endowment mortgage complaints quadruple
Complaints about endowment mortgages have almost quadrupled in the space of a year, reflecting growing anger among homeowners who have been warned their policies may not ...
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Who will pay the mortgage if you can't?
Many homeowners worry more about the state of their decor than how they would cope if they could not afford the mortgage.
Research published last month by the Council o...
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Get-tough policy sees HBOS lose mortgage market share
Britain's biggest mortgage-lender, HBOS, saw its share of the market slip below 20% in the first six months of the year as it tightened its lending criteria to adjust to ...
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