Flexibility key to cutting mortgage debt
Offset mortgages are the best options for homeowners who want to overpay their mortgages – but keep the option to borrow the money back
Read More: FT- Property
European banks hit by US probe concerns
Lenders’ shares fall to lowest levels in 29 months as US regulator investigates misselling of toxic mortgage debt
Read More: FT – Markets
Securities suffer in ratings ruckus
Standard & Poor’s added to woes of America’s fragile mortgage debt market by withdrawing preliminary ratings on two new transactions
Read More: FT – UK Companies
Surge in junk derivatives trading
Unexpected consequence of weakness in risky US mortgage debt highlights how different corners of the capital markets remain intertwined
Read More: FT – Markets
Cash-strapped families switch £60bn-worth of mortgages to interest-only
Up to 300,000 cash-strapped households have switched more than £60bn of mortgage debt from repayment into risky interest-only deals over the past three years to help cover their living costs.
Read More: The Telegraph – Mortgages
Banks write off debt for landlords
Several of the UK and Irish banks are offering to write off up to 25 per cent of a mortgage debt for professional landlords and developers
Read More: FT- Property
Homeowners cut mortgage debt by the most in over a year
Bank of England figures show people braced for austerity Britain by paying
down £6.1bn on their home loans in the three months to the end of September
– the most since the first quarter of 2009.
Read More: The Telegraph – Mortgages
