Housing & mortgage round up: An end to mortgage redemption penalties? Whilst house sales and mortgage lending both drop sharply

Housing & mortgage round upA wide range of stories this week, from the EU voting to ban mortgage redemption penalties, to more confirmation of the stagnant housing market. EU to ban mortgage repayment penalties? Members of the European Parliament have voted to ban early repayment penalties on most mortgage products. However it isn’t all good news for mortgage borrowers, despite the vote to ban redemption penalties it seems as though lenders will still be able to receive ...

Mortgages: Mortgage fees rise to record levels

New research from Moneyfacts has shown that mortgage fees have increased by 70% over the past three years. Borrowers have also been hit by a rise in Standard Variable Rates (SVR) during that time, despite the fact that Bank of England Base rate has remained at 0.5% for over three years. Rising mortgage fees Are you looking for mortgage advice?...