Finance and Credit Professional

Thousands of consumers are selling their property as they are unable to keep up with increasing mortgage costs, according to new figures.Research carried out by Moore Blatch suggests that for every home which was repossessed last year at least an equal proportion were sold as owners struggled to make secured loan repayments. The company also [...]

The level of repossessed homes could be set to rise even further, an industry expert has suggested.According to Mark Lance, spokesperson for the Repossession Specialist, the impact of the Bank of England's monetary policy committee (MPC) increasing the base rate of interest by 1.25 percentage points over the last year "has lead to three-figure increases [...]

Consumers that are currently considering bad credit loans or have their money in a sub-prime mortgage may wish to look at their outgoings, following news that a number of the lenders in the sub-prime sector look set to raise interest rates on some of their products for borrowers with a bad credit history or credit [...]