Stay updated with breaking news from Riz Malik. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
What do we want? Twenty-four hours’ notice for product withdrawals. When do we want it? Now! The message from the broker community is loud and clear when it comes to lenders’ last-minute product pulls. Although 11th hour withdrawals are nothing new, the current swap rate volatility has seen the frequency and
EXCLUSIVE: Borrowers in Britain and the US are suffering as mortgage rates climb and house prices fall.
Lenders report biggest increase in mortgage defaults since 2009 - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newsletter.
Losses and default rates on mortgages have increased in the past few months and are expected to rise further in the months ahead, according to a Bank of England survey of lenders. Default rates for...
The Bank of England's Credit Conditions Survey also reported that firms expect demand for mortgages to drop in the third quarter. It comes amid growing concern over the cost of mortgages for many households.