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The Financial Services Authority (FSA) ordered GMAC to pay a fine of ?2.8 million and refund customers ?7.7 million because of ?serious failings?. The FSA deemed that GMAC?s ?45 monthly arrears charge is illegal. Around 30 other lenders have been operating similar arrears...

A significant number of tenants are still struggling with rental payments, according to ARLA. Results from the latest survey from the Association of Residential Letting Agents (ARLA) shows that 55% of members have seen an increase in tenants struggling to meet their rental...

A shocking 67% of mortgage lenders and repossessions experts are predicting the number of repossessions to rise in 2010. The latest research published in the annual Moore Blatch 2010 repossessions report, compiling the views of lenders and repossessions experts, reveals that of...

The National Landlords Association (NLA) has roundly condemned the Government?s announcement which will reduce the supply of shared housing. In a statement, Housing and Planning Minister John Healey MP revealed plans which will require planning permission for new shared housing...

Gross mortgage lending up an estimated ?13.7 billion in December, a 14% rise from ?12.1 billion in November and up 3% on December 2008, according to the Council of Mortgage Lenders. This is the first time the annual monthly comparison has been in positive territory since October...

Research carried out by Paragon Mortgages found that nearly six out of 10 (58%) of landlords said they were worried about the amount of btl regulation needed in relation to running their property business during the year. It wasn?t only existing regulation that was of concern,...

The proportion of first time buyers drop to the lowest level for twelve months according to the National Association of Estate Agents (NAEA). The monthly market survey of the NAEA members found that in November, only 19% of registered buyers were FTBs, the lowest since December...

Last week Moneyfacts.co.uk reported that the average two year fixed had fallen below 5.00% for the first time since June 2009, but since then rates have fallen further, standing at 4.86% today. This is the biggest weekly fall since the beginning of the year, when the Bank of...