The Financial Conduct Authority (FCA) estimate that 12 million in the UK will struggle to pay bills such as mortgage and rent. Full story here.
Read this article explaining how banks are cutting back on granting mortgages as Coronavirus threatens a credit crunch.
The Financial Conduct Authority (FCA) is advising that those people paying a mortgage should receive tailored support depending on their financial circumstances after the current payment holiday ends at the end of October. See the full story here.
Read this article about how TSB are refusing to accept application from furloughed workers.
Read this article about how property rule changes could help ‘mortgage prisoners’.
The FCA is looking further into mortgage deals which put people in ‘mortgage prisons’ and prevent them from getting a better deal. See this article.
Read this article about someone who can’t sell their property but needs to move and wants to take advantage of the Stamp Duty holiday.
Obtaining a mortgage is getting harder. Read this article about how to improve your chances.
Mortgage payments holidays have been extended to the end of October. But could you make more savings by re-mortgaging? See this article.
If you have a fixed rate mortgage, when it ends, you’ll automatically go onto a standard variable rate mortgage, which means you could be paying a lot more in interest charges. Click here to find out more.