By Jonathan Gardner

Are people defaulting on mortgages? I never like to be the bearer of bad news but, since the beginning of 2024, mortgage lenders in the UK have been increasingly concerned about a rise in mortgage defaults. This trend has been observed and reported by multiple financial institutions, and it paints a worrying picture for both […]

Data shows an increase in homes being repossessed. The recent UK Finance report indicates a significant increase in home repossessions for the first quarter of 2024. The data reveals that 870 homeowner-mortgaged properties were repossessed, a 36% increase from the previous quarter and a 9% rise compared to the same period last year. This spike

A finance manifesto for mortgages? Not sure about you guys, but all I have been  hearing about this last week is manifesto this and manifesto that! This led me to look into these manifesto’s and whilst searching, I found that UK Finance has released its own manifesto for financial services including mortgages, which has some

Can a change of Government impact mortgages and interest rates? As the UK approaches its upcoming general election, there’s a lot of speculation about how a change in government could impact various aspects of daily life, including mortgages and interest rates.  The government plays a significant role in the housing market through its policies and

What are the legal rights of homeowners when facing repossession? Facing home repossession is a stressful and challenging situation, but knowing your legal rights can make a significant difference in managing the process. When you miss mortgage payments, lenders will first contact you to discuss the situation and possible solutions. If no agreement is reached,

Maintaining dignity through repossession. Facing the possibility of home repossession is undoubtedly one of the most stressful experiences you can go through. It’s a situation that can feel overwhelming, leading to feelings of fear, shame and helplessness. However, maintaining your dignity throughout this challenging process is not only possible but essential for your mental and

What is happening to mortgage interest rates? UK mortgage experts seem to be discussing mortgage rates influenced by persistent inflation, economic stability efforts and global financial trends. Here’s what they’re saying and where they believe interest rates are headed: Current Rates and Predictions for 2024: Mid- and Long-Term Outlook: Impact on Mortgage Rates: Market Sentiments

Is it important to avoid SVR mortgages? When it comes to mortgages, one term that often comes up is the Standard Variable Rate (SVR) mortgage. Understanding the pros and cons of this type of mortgage can help you decide if it’s the right fit for your financial situation. A Standard Variable Rate mortgage is a

Signs your house will sell fast! When it comes to selling your house, the dream scenario is always a quick and smooth sale. But how can you tell if your home is likely to fly off the market? There are several signs that might indicate a speedy sale, and knowing these can help you set

Can you remortgage early? When facing the threat of mortgage arrears, stress levels can be high and it’s not a good place to be in. One potential strategy that might offer a lifeline is remortgaging early. But can you remortgage early? The answer is yes, but there are several factors to consider and it may