Home > News > Mortgage and Remortgage

Struggling mortgage holders `should seek advice` Remortgage enquiries `rise in June` Mortgage approvals `up in June` UK mortgage market remains weak, CML says Consumers `should avoid lying on mortgage applications` BoE releases Trends in Lending report Brits `prioritising debt repayment` "Sensible lending" needs to be restored for home buying Many households `to miss mortgage payments` Homeowners `increasingly paying off mortgage debt` Booklet produced for those facing mortgage repayment problems Local authority defends decision to offer 100% mortgages Mortgage lending levels `still low` CML welcomes campaign on repossessions Consumers `increasingly offsetting savings against mortgages` Banks `should be encouraged to provide more mortgages` Younger and richer people `benefiting more from mortgage reductions` Bank of England cuts base rate Negative equity `concerning UK mortgage holders` Interest rate cuts `were not anticipated by consumers`

`Urgent need` for more rented housing

16/06/2008

The strong demand for rented housing is being overlooked by the government in favour of helping buyers, claims the charity Centre for Cities (CFC).

The difficulties in finding affordable homes to buy and of securing mortgages and remortgages, plus a lack of social housing, are leading more would-be buyers to rent accommodation. This is causing a shortage of rental properties, according to CFC`s research.

Home ownership, whether fully owned or via shared equity schemes, is currently putting people is danger of repossession, says the report.

Director of CFC, Dermot Finch, said the government is not concentrating enough on the rental situation. "Unless this changes, the young and job movers will have difficulties finding somewhere decent to live," he commented.

An annual increase of 50,000 new rental homes is necessary to meet growing demand, a report from the Department for Communities and Local Government committee claimed last month.

Greater London and the south-east have seen the largest gap between demand and availability of rental properties, according to a report by the Association of Residential Lettings Agents, released earlier this month.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according