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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`

Shop around for mortgage loan deals

18/08/2008

Consumers worried about debt problems may want to explore the range of new and revised mortgage options revealed recently.

Skipton Building Society has unveiled its new Stepped Fixed Rate mortgages, which come with two choices. Stepping Up begins with a rate of 5.39 per cent, climbing annually to 6.99 per cent over five years, which may suit people with lower incomes now but who expect to earn more in the future. Stepping Down offers the same rate in reverse.

There are also new products from Newcastle Building Society, offering "something for everyone", according to head of product development Stuart Fearn. He added that those looking at remortgaging options may find a deal to suit them.

Meanwhile, Cheshire Building Society has cut rates on some short-term fixed-rate mortgages, its two-year fixed rate remortgage deal and buy-to-let mortgage.

Longer-term fixed-rate mortgages may also have their rates reduced, indicated James Taylor, mortgage product manager.

"We believe they will offer great value and be in greater demand than previously," he said.

Those looking at loan options may also want to look at consolidation loans to manage their debts.

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