Meet Mortgage Lenders Today: The Chancellor, Alistair Darling, will meet mortgage lenders to discuss ways to help homeowners survive the mortgage fiasco. The Chancellor said,
Meet Mortgage Lenders Today: “In the light of everything we are doing with them, I want to discuss how they can pass on the benefits of falling interest rates as well as wider Government support to mortgage holders.”
Last month the Citizens Advice Bureau reported it had seen a 35 per cent increase in the number of cases involving arrears in the first two months of this year. Over a million fixed rate mortgages will mature in the next 12 months, and there are growing concerns that borrowers will be hit with higher costs when they take out another subsequent new loan.
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- A decline in arrears and repossessions – CML Reports (myfirsthomeblog.com)