Uk Finance

The number of homeowners having their properties repossessed rose in the final quarter of 2024, according to figures from UK Finance. 1,030 homeowner-mortgaged properties were repossessed, a 12% increase on the previous quarter and a 54% increase year-on-year. Buy-to-let repossessions remained stati

Mortgage lenders have announced a voluntary moratorium on possessions from Monday 13 December until Tuesday 4 January 2022. The industry is committed to providing ongoing support to those in financial difficulty as a result of the pandemic, especially those who may be worried about making their mort

The Financial Conduct Authority (FCA) has extended its offering of payment deferrals for mortgage and consumer credit customers for the next six months. The regulator said that under its proposals borrowers who already have a payment deferral for a period of less than six months would be able to ext

The Financial Conduct Authority (FCA) has announced proposals to ensure firms provide further support to homeowners who continue to face financial difficulties due to COVID-19.

Lenders have provided over 1.2 million mortgage payment holidays to households whose finances have been impacted by COVID-19, UK Finance has revealed.

Efforts are under way to help prevent further disruption to the buying and selling of homes across Scotland after Registers of Scotland (RoS) temporarily closed the application record and the UK Government advised home buyers and renters to delay moving unless the new property is empty.