Self-certification

Self-certification or 'self-cert' mortgages were perhaps too common before the credit crunch of 2007.

With these types of deal you simply stated how much you earned on your mortgage application without having to provide any proof. Provided the figures stacked up and your credit record checked out, you would often be offered a deal on that basis.

Some people chose this route because it was simply quicker and easier than going through the process of providing proof of income, but there was a rogue element where people simply lied about their income to borrow more than they could afford - which is a criminal offence.

These deals no longer exist, although where a borrower applies for a very low loan-to-value mortgage, say less than 50%, some lenders may 'fast track' their application.

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Mortgage lending to grow next year

Experts predict that UK mortgage lending could hit £150bn in 2013.

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1m have bought first home since credit crunch

One million households have become first-time buyers since the onset of the economic downturn, accounting for 1 in 10 mortgage borrowers.

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October house prices up 0.6% - Nationwide

UK house prices increased by 0.6% in October, more than offsetting the 0.4% decline recorded the previous month, the Nationwide house price index showed.

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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.

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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.

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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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UK house prices decline 0.5% in Q3 - Halifax

UK house prices fell by 0.5% in the three months to September, reported Halifax.

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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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