2009 will be a tough year for us all. The latest figures suggest that as many as 75,000 Britons will face repossession, that’s a 67% increase on the number of repossessions taking place this year. The number of people falling into mortgage arrears is expected to reach around half a million.
The number of repossessions expected [...]

HSBC Holdings has revealed that it will increase lending to UK homeowners by 18% in 2009. This will be a welcomed announcement by the Government who are putting banks under pressure to boost lending.
HSBC have £15 billion in the pot to lend to UK mortgage seekers in 2009, this is up on the £12.8 billion [...]

People who are on tracker mortgages, which track the Bank of England base rate, should be reaping the benefits of the new 2% interest rate. Those consumers who took a tracker mortgage could be seeing savings of 100s of pounds each month if the lenders pass on the impact of the cut. 
Not all mortgage holders [...]

The Bank of England has once again cut interest rates in a hope to stimulate the property market, but it still may not be enough. The cut in interest rate was welcomed throughout the property industry but analysts believe this won’t be enough to stimulate the market. 
The interest rate was cut by 1% making the [...]