The property market continues to feel the bite of the credit crunch and another indicator of this is the fact that people have stopped taking equity from their homes. In the past people used to take equity out to pay for a new kitchen or a big purchase now house prices are falling people are [...]

It was in the news today that 1.8 million people can’t afford to pay their mortgage. The article claims that this is worse than the situation was in 1992 when as many as 1.6 million people were caught in difficulty. However, one thing to note is there are 2 million more mortgages now then back [...]

Britain’s largest bank, HSBC, is aiming to take advantage of the current weakness in the mortgage market. From the 14th of May for five weeks only it will match peoples’ current fixed mortgage for a further two years.
The new offer is well timed with tens of thousands of mortgages expiring over the next few weeks. [...]