Debt advice

Many thousands of people in the UK are experiencing financial hardship thanks to the economic downturn.

If you are a mortgage borrower struggling to afford your monthly repayments, it is essential that you contact your lender as early as possible to discuss the matter with them. They are not ogres, and the last thing they want to do is repossess property. They will try to work out a compromise solution where possible.

For wider debt advice, there are many free sources available, including Citizen's Advice, nationaldebtline.co.uk and the debtadvisorycentre.co.uk.

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FCA challenges lenders over arrears and forbearance

The FCA has challenged lenders to improve their arrears and forbearance management following a thematic review which found several counts of bad practice at firms.

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Eriksson reveals adviser's dodgy property investments

Ex-England boss Sven-Goran Eriksson’s financial adviser misjudged investments which cost him millions.

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Tory MP claiming mortgage interest faces court over £54,000

The MPs' expenses watchdog is taking legal action against a Conservative MP for £54,000 of capital gains on his publicly funded Peterborough home.

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Renting puts 'children's well-being in jeopardy'

The volatility and uncertainty of renting is having a damaging impact on the lives of children, Shelter has warned.

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Half a million forced to give up homeownership last year

Over half a million households in England were forced to walk away from homeownership after payment problems in the last 12 months, according to the Department for Communities and Local Government.

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Repossessions slump to lowest level since financial crash

The level of mortgage repossessions fell to its lowest since the financial crisis during the last quarter, according to the Council of Mortgage Lenders.

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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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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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Case study: Bad credit mortgages

Julie Tyler is a 32-year-old store manager who managed to take her first step onto the property ladder, despite having a history of bad debt.

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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 insurance top tips

Many people end up paying too much for insurance or getting the wrong type of cover. For the right insurance for your circumstances, at the right price, simply follow our expert advice.

Top Tips...

Top tips for bad credit mortgage borrowers

If you have a damaged credit record you may well need specialist mortgage advice.

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Credit repair in the UK

If you have a bad credit rating, it makes sense to set about improving it as soon as you can.

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YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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Bad credit mortgages

You are certainly not alone if you have experienced financial difficulties at some point in your life.

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Guide to Help to Buy

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