Barclays has changed its part-and-part lending criteria to allow borrowers whose repayment vehicle is the sale of the property to take a 75% loan-to-value (LTV) mortgage.
Some 21% of mortgage holders aged 45 plus tell us they have some intention to be active over the next year or two, whether that is moving, re-mortgaging, taking a further advance or changing mortgages.
Santander says it intends to have a range of solutions for existing back book customers struggling to pay off their interest-only mortgage available by early 2016.
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The Financial Ombudsman Service (FOS) has received a surge in complaints from customers about interest-only mortgages, with many worried that they would not be able to repay their balance.
The mortgage lending market is failing to serve the needs of self-employed customers according to 63% of brokers, a Mortgage Solutions poll finds.
It has perhaps gone a little bit quiet on the interest-only mortgages front. During 2013, interest-only mortgages were a hot topic - and at HML, we certainly haven't taken our foot off the pedal when it comes to customer contact campaigns.
In November I had the honour of sitting on a panel of experts at the Mortgage and Protection Event hosted by Mortgage Solutions in Birmingham, Manchester and Newcastle. Over the three days, hundreds of brokers attended to hear, and join in with industry leading experts debating the future of their marketplace.
Earlier this week Leeds Building Society announced it was introducing two completely new products aimed at the interest only market.
Leeds Building Society has introduced two and five year fixed-rate deals aimed at the interest-only market.
More than two thirds of the 6.3 million over 50s with an interest-only mortgage, who had intended to pay it off with an endowment policy say their underperforming endowment will not foot the bill, according to Saga Personal Finance.
Clearing mortgage debt is the most common reason over 55s have for equity release, lifetime mortgage specialist Stonehaven has found.
Peer-to-peer platform eMoneyUnion has completed the first ever first charge residential crowdfunding loan.
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