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Saturday 22nd of August 2009

News Tag: repayment

July 8, 2009

Homeowners reluctant to seek help over mortgages

by Gill Montia
”Homeowners
Homeowners struggling with mortgage repayments can be shy in talking about their difficulties, despite pleas from lenders and debt charities to seek help and advice early. According to research from the Financial Services Consumer Panel (FSCP), 41% of those having difficulty paying their home loans struggle on unaided, even though seven out of eight borrowers in this group defined their problems ...



December 11, 2008

Further details of deferred mortgage repayment scheme

by Gill Montia
Further details of deferred mortgage repayment scheme
Further details have emerged of the Government's plans to help homeowners struggling with mortgage payments, as outlined in the Chancellor of the Exchequer's November pre-budget report. The new measures allow homeowners who fit the criteria to defer interest payments on their loans for a period of up to two years. The Government will guarantee a proportion of any loss to the lender ...



October 31, 2008

Interest only mortgage can be an expensive mistake

by Gill Montia
Interest only mortgage can be an expensive mistake
Moneysupermarket.com is cautioning homeowners struggling with their finances against switching from a repayment to an interest only mortgage. The idea will tempt many as on the average £150,000 loan, moving to an interest only deal could reduce monthly payments by up to £236. However, the price comparison website warns that such a move will dramatically increase the overall cost of buying ...