Mortgages: Banks warned against pushing up interest rates

iStock_000004583777XSmallThe Financial Conduct Authority (FCA) has warned banks and building societies that changing the terms and conditions on tracker mortgages could break consumer protection laws. These types of loan are known as a tracker mortgage, because the interest rate charged is designed to only change in line with the rate it tracks, usually the Bank of England base rate. However, over the past few months, two high profile lenders, the Bank of Ireland and West Bromwich Building Society, have taken advantage of obscure ...

Housing & mortgage round up: House prices continue to fall as do interest rates

Housing & mortgage round upThis week we take a look at the latest house prices survey which makes grim reading for most homeowners, although people looking to get on the property ladder may take a different view. We also cover some interesting moves by the big lenders on their fixed rate mortgage products, in the wake of a new government scheme designed to encourage banks to lend at more competitive rates. House prices fall...

Housing & mortgage round up: Cheaper fixed rate mortgages? Stable house prices

Housing & mortgage round upThis week we bring you news of the Bank of England’s latest interest rate decision and also look at whether fixed rate mortgages are about to get cheaper. On the house price front we have the latest Halifax house price survey. Bank of England keep interest rates on hold In a move that will be welcomed by mortgage borrowers the Bank of England decided to keep interest rates on hold at 0.5%....

The Eurozone crisis: The biggest current threat to your financial future?

There has probably never been a more financially difficult time. Since the credit crunch of 2007 most people's finances have suffered in some way, and now the Eurozone crisis has reared it's head again, but just how does it affect your finances and what can you do about it? Borrowers Our advisers can help you make the right decision...