Mortgages

A growing number of homeowners are using let-to-buy mortgages to move up the property ladder whilst still holding onto their original homes, according to My Mortgage Direct.

Almost half a million homeowners missed a monthly mortgage payment in the last six months, according to MoneyExpert.com.

More than half of Britons do not know what equity release is, according to research from Norwich Union.

High loan to value mortgages have reached record levels of popularity at a time when consumer finances are becoming increasingly stretched, according to Spicerhaart Financial Services.

The FSA's report into the sub-prime mortgage market, which resulted in the regulator taking action against five intermediary firms for ‘weaknesses' in their advice procedures, has been largely welcomed by the mortgage industry.

IFAs are seeing an increasing amount of business in the self-build sector due to high property prices and house building television shows, according to Standard Life Bank.

Independent mortgage broker, Savills Private Finance, has scooped four awards at the British Mortgage Awards.

Paradigm has announced that John Coffield is to join the IFA support firm as head of Paradigm Mortgage Services, which is due to launch in September.

Homeowners releasing equity in their homes could soon face "serious" financial problems particularly in the face of interest rate rises, according to mform.co.uk.

On the face of it, the U-turn by HBOS could be considered by some as embarrassing, but I look at it as proof the mortgage market is working well - and that has got to be good for customers and product providers alike.