Metro Bank launches ‘near prime’ mortgages for borrowers with low credit scores, missed payments and even repossessions on their record New mortgages will have less strict credit checks than standard home loans Those who have missed mortgage or loan payments, declared bankruptcy and even had a home repossessed will be eligible under certain circumstances They … Read more
Home repossessions set to surge tenfold next year as support schemes dry up By Fiona Parker For The Daily Mail Published: 22:01 GMT, 19 January 2021 | Updated: 22:01 GMT, 19 January 2021 Home repossessions may surge tenfold in 2022, banking body UK Finance warns. Millions of borrowers have struggled to pay their mortgages in … Read more
Drivers who fall behind on car finance payments can have their vehicles repossessed by lenders from February as FCA’s Covid-19 ban ends Repossession ban has been in place during the pandemic to protect consumers Exceptional financial hardship caused by Covid-19 has seen repossessions on homes, cars and other products restricted FCA has proposed for motor repossessions … Read more
Labour warns Rishi Sunak of a ‘wave of post-pandemic repossessions’ if he does not increase help for struggling low-paid homeowners on top of the three-month mortgage holiday during the coronavirus lockdown Shadow housing secretary John Healey said the holiday needed to be added to He wants further help via the Support for Mortgage Interest (SMI) … Read more