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Interest rates cut pressure piles on Bank of England as home repossession jumps 28% | Personal Finance | Finance - Vimarsana News

Interest rates cut pressure piles on Bank of England as home repossession jumps 28% | Personal Finance | Finance

Mortgage possession actions against home buyers in the first three months of this year were the highest since 2019 with a total of 5,182.

Homeowners in mortgage arrears up 25% in a year as rate increases bite - Vimarsana News

Homeowners in mortgage arrears up 25% in a year as rate increases bite

The number of homeowners and buy-to-let landlords in mortgage arrears has jumped in the past year - though the amount of homes being repossessed remains low, according to UK Finance.

This is like using a water pistol to put out a fire" - Brokers respond to Jeremy Hunt mortgage announcement - Vimarsana News

This is like using a water pistol to put out a fire" - Brokers respond to Jeremy Hunt mortgage announcement

Matthew Jackson, Director at Mint FS, said "This is like using a water pistol to put out a fire. Utterly pointless. It will not do a thing to help, as lenders

Conveyancers refusing high rise cases over liability fears - Vimarsana News

Conveyancers refusing high rise cases over liability fears

Some conveyancing firms are declining to take on cases involving high rise properties, over concerns that they will be liable should problems eventually emerge regarding the property.

Solicitors and conveyancers refusing work on high-rise property transactions, say brokers - Vimarsana News

Solicitors and conveyancers refusing work on high-rise property transactions, say brokers

Brokers have revealed a growing number of solicitors and conveyancers, due to the new building regulations on cladding, are refusing to work on high-rise