Category : Search result: UK mortgage crisis


Barclays & BoS Face Massive Fines Over Unfair Mortgages

The UK's financial watchdog, the FCA, is set to impose significant penalties on Barclays and Bank of Scotland for failing to offer existing customers the same competitive mortgage rates available to new clients, a practice affecting thousands of borrowers

New-Build Homes Now Cheaper Than Old Ones In UK Market Shift

A startling shift is occurring in the UK housing market. Exclusive analysis reveals new-build properties are now significantly cheaper than older homes in some regions, signalling potential market distress and a crisis in buyer confidence. Experts warn th

Las Vegas Housing Market Freeze: 'It's Like a Morgue'

The once-booming Las Vegas property market has frozen solid. Soaring mortgage rates and economic uncertainty have scared away buyers, leaving a graveyard of unsold homes and desperate sellers slashing prices in a bid to attract the few remaining prospects

Expert Challenges Allsopp's Property Advice to Rayner

Property expert David Hollingworth challenges Kirstie Allsopp's controversial advice to Angela Rayner, warning selling her council house could have been a major financial misstep. Discover why holding onto property often beats quick sales in UK's volatile

UK House Prices Hit Record High for Third Month Running

UK property market continues its remarkable surge as Halifax reports house prices rose 0.9% in September, marking the third straight monthly increase and pushing average prices to a new record high of £293,835.

Fed's Lisa Cook faces mortgage investigation

US Federal Reserve Governor Lisa Cook is under investigation by the House Judiciary Committee over allegations of improper mortgage approvals during the pandemic. Discover the details of the claims and the Fed's response.

UK Property Market Plunge: Homebuyer Panic Hits Record

Exclusive: Britain's housing market faces a severe crisis as a record number of panicked buyers abandon purchases amid soaring mortgage rates and economic uncertainty. Property chain collapses hit unprecedented levels.

Pound Crashes to Record Low After Truss's Mini-Budget

The UK faces a severe economic crisis as the pound sterling crashes to a historic low against the dollar following Chancellor Kwasi Kwarteng's mini-budget, triggering emergency warnings from the Bank of England and soaring mortgage costs for millions.

Major Lenders Slash UK Mortgage Rates to 7-Month Low

In a major boost for the UK housing market, leading lenders including Halifax and HSBC have cut mortgage rates to their lowest point since last summer, offering new hope for first-time buyers struggling to get on the property ladder.

Bank forgives £1m debt for terminally ill cancer patient

Bank of Scotland clears £1,000,000 debt for terminally ill cancer patient Ian Pritchard after his emotional appeal went viral. Discover how this act of compassion brought relief to a family facing unimaginable hardship.

£10,000 Bonus for New Homeowners in Govt Scheme

Exclusive: New homeowners could receive a life-changing £10,000 bonus under a radical government proposal to boost property ownership and slash mortgage costs. Find out if you qualify.

Deported fraudster jailed for £1.3m property swindle

Anopkumar Maudhoo, an illegal immigrant and serial fraudster, has been sentenced to six years for orchestrating a sophisticated property scam that netted over £1.3 million from victims across London and the South East.

UK House Prices See Sharpest Annual Drop Since 2011

New data from Nationwide reveals UK house prices fell by 5.3% annually in December 2023, marking the most significant decline in over a decade as higher mortgage rates continue to dampen the property market.

DOJ Investigates Trump Over Alleged Mortgage Fraud

The US Department of Justice has launched a criminal investigation into Donald Trump and the Trump Organisation, examining potential bank and insurance fraud linked to a controversial $100 million mortgage on a New York skyscraper.

Reeves Scraps Landlord Tax Relief to Fund NI Cut

Chancellor Rachel Reeves delivers her first Budget with a major blow to landlords, scrapping the mortgage interest tax relief to fund a cut in National Insurance for millions of workers.

NHS Youth Mental Health Crisis: Over-Diagnosis Costs £16bn

Exclusive: A damning report reveals the over-medicalisation of youth mental health is creating a financially unsustainable crisis for the NHS, costing the state a staggering £16 billion annually and stretching support services to their absolute limit.

Labour Scraps Home Guarantee Scheme for First-Time Buyers

The Albanese government has officially terminated the Home Guarantee Scheme, a flagship initiative designed to help Australians get on the property ladder with smaller deposits, sparking outrage from aspiring homeowners.

Gaza Water Crisis Triggers Deadly Paralysis Outbreak

Exclusive: A catastrophic water shortage in Gaza, exacerbated by Israeli restrictions, is triggering a deadly outbreak of acute flaccid paralysis. Aid agencies warn of a spiralling humanitarian disaster as fuel and clean water supplies run critically low.

US Home Prices Crash: Sellers Slash Prices in Major Cities

Exclusive analysis reveals a dramatic surge in property price reductions across the United States, with nearly half of all cities experiencing significant declines. Sellers are forced to make steep cuts as high mortgage rates and economic uncertainty cool

£18k to $1.4m: Sydney's Ultimate Property Jackpot

A modest 1975 mortgage for £18,000 on a Sydney home has transformed into a staggering $1.4 million property fortune, revealing one of Australia's most remarkable real estate success stories.

Judge Rejects Trump's Bid to Dismiss NY Fraud Case

A New York judge has rejected Donald Trump's bid to dismiss a major civil mortgage fraud lawsuit, dealing a significant blow to the former president's legal defence strategy and allowing the case to move towards a high-stakes trial.

Japanese Knotweed Invasion Plunges Ayr Property Prices

The picturesque seaside town of Ayr is under siege from Japanese Knotweed, with homeowners facing plummeting property values and mortgage rejections. Discover the full extent of this ecological and financial crisis.

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