Consolidate debt

Remortgaging used to be a very popular way of pulling all of your debts together in one place.

With mortgage lenders eager to extend credit, pre-crunch it made sense for many to combine personla loans and even credit card debts, roll them all up into their mortgage and pay a lower interest rate on the toal than they would otherwise have owed.

In recent years, consolidating debt has become more difficult. But if you have a lot of equity in your property, it can still make sense. Click here for more details on how to remortgage and consolidate your debt, or speak to a fee-free adviser.

The Bank of England

Half of homeowners could struggle with 3% rate rise

Almost half of mortgage borrowers think they might struggle should interest rates rise by 3%.

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Mortgage arrears and possessions continue to fall

Mortgage accounts in arrears fell to their lowest level since the second quarter of 2008, according to Council of Mortgage Lender (CML) figures, with repossessions also 20% down on last year.

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Yorkshire BS to refund 33,900 customers after arrears error

The Yorkshire Building Society group is to refund 33,900 of its customers after the FCA questioned whether the interest charged to those in arrears was correct.

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Mortgage borrowers keep UK banks afloat

Mortgage borrowers meeting payments helped some of Britain’s largest banks improve their core profits last year by 45%, according to a KPMG report.

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Irish central bank forces lenders to act on arrears

The Central Bank of Ireland has threatened Irish lenders with increased capital requirements and supervision if they fail to address the growing mortgage arrears crisis.

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FSA warns against fraud in quick property sales

The regulator has warned consumers in arrears or about to be repossessed not to succumb to property fraud to get a quick, below market value sale for their property.

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Most interest-only borrowers count on rising value to repay debt

58% of interest-only borrowers believe house prices will rise enough for their debt to no longer be a problem at the end of the mortgage term.

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Negative equity prisoners down 13%

The number of borrowers in negative equity has declined by more than 100,000, or 13%, since the first quarter of last year, from 827,000 to 719,000, data from the Council of Mortgage Lenders (CML) has shown.

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Remortgaging top reason for mortgage applications via brokers

Remortgages accounted for 37% of all mortgage cases handled by intermediaries in the third quarter of the year, data from lender Paragon has shown.

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Loyalty schemes

Does loyalty pay in the mortgage market, or should you switch lenders for the best deal?

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Tougher rules on mortgage lending to be introduced in 2014

The Financial Services Authority (FSA) has confirmed that it will introduce rules designed to prevent irresponsible mortgage lending in its Mortgage Market Review.

Internet is consumers' first port of call for mortgage advice

Consumers are increasingly turning to the internet to research mortgage products, according to Legal & General's mortgage mood survey.

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Brians of Britain have best credit profiles

Men called Brian have the best credit profiles in the UK, according to a new report by comparison site Confused.com.

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Mortgage Payment Protection Insurance

Mortgage Payment Protection Insurance (MPPI) covers your mortgage payments in the event of your being unable to work due to an accident, sickness or unemployment, so it is also known as ASU.

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Debt consolidation

If you have credit card debt or even a personal loan, it may be possible to consolidate all your debts into your mortgage via a remortgage.

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If you have a question about mortgages or homebuying, why not ask Editor in Chief Paula John?

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Equity release market grows 26% in H1

Equity released by homeowners rose by 26% to £641.8m in H1 2014 compared to the same period last year, analysis from provider Key Retirement Solutions has shown.

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