Mortgage customers with bad credit relying more on mortgage brokers

According to a recent report many mortgage customers with damaged credit ratings are now relying on brokers in order to help them to find a lender that will accept them for a mortgage deal.
Officials from the Financial Services Authority claim that many bad credit mortgage customers are now going straight to mortgage brokers rather than [...]

Mortgage applicants to struggle like the days of old

Over recent years credit conditions in the UK have been pretty lax, and even those with poor credit usually managed to find a suitable mortgage from one of the many lenders offering loans and mortgages to those with damaged credit.
However, a recent report has suggested that the days of being able to get a mortgage [...]

Gloomy outlook for mortgages and house prices

Recent report continue to reiterate that there are bleak times ahead for the mortgage and housing markets in the UK for the future, with some industry officials stating that the unexplained house price increases in the UK over recent years could have set the nation up for an almighty house price crash. Officials from the [...]

Bank loses customer mortgage insurance details

Last year saw a range of data loss blunders by banks and government agencies, which put millions of consumers at increased risk of becoming victims of identity theft and fraud, including the loss of 25 million consumers’ personal and bank details lost by HM Revenue and Customs when two discs went missing.
Whilst we have only [...]

Non-FD customers lose access to mortgages

The Internet banking giant First Direct, which is part of the HSBC bank, has recently announced that its mortgage products will no longer be available to consumers that are not customers of the bank effectively immediately. The move is said to be a temporary measure, and all of its mortgage products will be made unavailable [...]

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