Category : Search result: mortgage arrears


Major Lender Bans 'Bank of Mum and Dad' Deposits

A leading UK mortgage lender has abruptly banned deposits funded by parental gifts, sparking outrage among first-time buyers and experts who warn it could slam the door on homeownership for an entire generation.

Teacher rejected for mortgage quits job for van life

A young teacher's dream of homeownership was crushed by a shockingly low mortgage offer. Discover how she turned rejection into liberation by quitting her job and buying a van to explore the UK.

Thousands Owed £5,000 in DWP Pension Back Payments

Exclusive: The DWP is urgently reviewing thousands of state pension cases after a major error was uncovered. Many retirees, primarily married women, could be due back payments averaging £5,000. Here's how to check if you're affected.

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.

Middle-Class Town Has Britain's Worst Household Debt

An exclusive Daily Mail investigation uncovers how Gedling, a Nottinghamshire town, has become the epicentre of Britain's personal debt crisis, with middle-class families facing crippling council tax arrears and a desperate cost-of-living battle.

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.

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.

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

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