Posted on February 29, 2008 by repossessions
Homeowners facing finance problems may be a step closer to repossession as mortgage lenders pull their 100% loans.
This means that for those who need to remortgage soon, not only are rising interest rates from sub prime lenders and falling or static house prices an issue, but they may now find that they are unable to [...]
Filed under: debt advice, homeless, housing market crash, mortgage approvals, mortgage arrears, negative equity, recession, sub prime, uk remortgage | Tagged: 100% mortgage, house prices, negative equity, remortgage, repossession, sub prime, uk interest rates | Leave a Comment »
Posted on December 15, 2007 by repossessions
From BBC News today
Banks ‘prey on customers in debt’
Some people are agreeing to make payments they cannot afford
Banks are being accused of pressurising customers who have financial problems to take out expensive loans to try to ease their debts, the BBC has learned.
Some banks are repeatedly telephoning customers to try to get them to take [...]
Filed under: citizens advice bureau, sub prime lenders, uk interest rates | Tagged: , bbc, debt, hsbc, sub prime, uk interest rates | Leave a Comment »
Posted on December 7, 2007 by repossessions
Let’s hope that the BoE reduction of one quarter of a percent interest rate will actually filter down to those who need it most?
Prime lenders like Halifax have already passed it on to their customers, but for those customers of sub prime lenders like Capstone, GE Money, Kensington, and the like, the results are [...]
Filed under: debt advice, mortgage approvals, repossession, sub prime lenders, uk interest rates, uk remortgage | Tagged: , bank of england, Capstone, GE Money, Kensington, sub prime, uk interest rates | Leave a Comment »
