Mortgages

Hundreds of thousands of interest-only mortgage borrowers whose deals mature before 2020 are likely to face a funding shortfall, according to estimates produced for the Financial Conduct Authority (FCA).

As the economy continues to stagnate, just narrowly avoiding the dreaded triple dip recession, the government is working to give the housing market a much needed boost.

In March, gross mortgage lending by building societies and other mutual lenders was £2.9 bn, a rise of 8% against 2012.

Halifax's mortgage adviser arm, Halifax Intermediaries, is set to pay the full Stamp Duty bill for first time buyers purchasing homes worth up to £250,000.

The embattled Bank of Ireland (BoI) has come under fresh attack for "unfairly" hiking the interest rates of thousands of borrowers on ‘tracker' mortgages, despite a static base rate.

Prime Minister David Cameron has been forced to defend the government's under fire Help to Buy scheme after continued criticism.

A group of Harlequin Property investors is seeking to agree a process with the company to facilitate the review of all investments through self-invested personal pensions (SIPPs) or those which have utilised a re-mortgage.

Lenders approved 5% more mortgages in March than the previous month to reach a monthly total of £7,646m in loans, according to British Bankers' Association figures.

The government's Help to Buy mortgage guarantee scheme could leave it open to high loan-to-value mortgage lending risk for years to come, MPs have warned.

The Financial Conduct Authority (FCA) has reached an agreement with Santander UK that will see the bank contact over 270,000 mortgage customers about unclear information it gave before increasing the cap on its standard variable rate (SVR) in 2008.