Landlord action has been called to help an amateur landlady facing repossession. Miss Konngen was forced to rent out her property after it failed to sell in the 18 months are the market. Her tenants are now withholding rent and refusing to leave and are using loopholes in the system learned from working in the [...]

The Uk’s largest mortgage and savings provider the Nationwide Building Society have released its Consumer confidence Index for May 2011. The Nationwide Consumer Confidence Index was pushed up by 11 points in May due to the good weather and bank holidays and the Royal wedding which gave that feel good factor. Despite this being one [...]

A commercial mortgage is a loan facility that is secured on commercial property. Commercial mortgages can be taken out by individuals or by businesses such as partnerships and limited companies. Business mortgages are provided by the high street banks, foreign banks and other lending institutions. Lending criteria for commercial mortgages vary from lender to lender [...]

Businesses commonly use commercial bridging loans as a way of raising funds quickly, especially if these funds are only required for a short period of time. Private individuals also sometimes find that they need a large amount of addition funds for a short period of time and as a result often take out a bridging [...]

There are concerns amongst the Financial Services Authority, Banks and mortgage lenders are moving homeowners to interest only loans, extending borrowers mortgage terms and permitting payment holidays to prevent the debt being discovered as bad. This enables struggling homeowners to reduce their monthly payments and take holidays enabling them to save for the next unaffordable [...]

Based on the reform of the Financial Services Authority, the financial services consumer panel announce the six key outcomes they expect to see from the Mortgage Market Review to obtain a healthy and sustainable mortgage market. The main points are as follows: 1. Effective regulation to help consumers to prevent irresponsible lending while allowing the [...]