The number of homeowners losing their property because they're unable to pay their mortgages has fallen to its lowest level since the credit crunch began, new data from the Council of Mortgage Lenders (CML) shows.
House prices have fallen annually for eight months in a row and the market will remain subdued until people start to see a continued pick-up in their finances, Nationwide said today.
Mortgage holders trapped on an expensive deal because lenders have become stricter have been given a glimmer of hope under new rules from the City watchdog.
Bank of Scotland (BoS) has been fined £4.2 million by the City watchdog after an incredible blunder which saw it compensate the wrong people as it held shoddy customer data.