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Two million interest-only borrowers face losing homes

Two million interest-only borrowers face losing homes

Trapped: There are almost two million borrowers with interest-only mortgages  Almost two million borrowers with interest-only mortgages face having to sell their family home if they can’t repay the cash over the next 15 years, a major probe by Money Mail has found. It is the legacy of years of irresponsible lending by banks and […]

House prices rise almost £2,500 in August, says Halifax

House prices rise almost £2,500 in August, says Halifax

House prices rose almost £2,500 in August as a late summer bounce continued but property inflation remains near the lowest level for four years, figures revealed today. Slow wage growth, high house prices and inflation are holding home buyers back, mortgage lender Halifax said, as it released its latest monthly house price index. Its figures […]