Listen to the latest Money Show, the FT’s personal finance podcast, for up-to-date news and insights from the industry. Today’s show is now LIVE.
This week our special guest came from inside the Pearson Group; Matthew Vincent, personal finance editor of the Financial Times, invited Claer Barrett from the Financial Times’ sister publication Investor Chronicle onto the show.
The official figures are showing a fall in home repossessions - and a rosier picture of the housing market – but is this the full story?
Arrears on loans from some of the more aggressive specialist lenders such as Gmac are already running into double digits. And with unemployment set to rise further over the next few months, more people could struggle to meet their mortgage payments.
We’d like to build up a true picture of who is running into difficulty with their loans and would be interested to hear your experiences.
Maybe you’ve lost your job, or the bonus you were expecting hasn’t materialised. If this is the case are you having trouble paying your mortgage?
Was it too easy to gain credit at the peak of the market from aggressive lenders such as Northern Rock and Halifax? Or were you encouraged to convert your existing home into a buy-to-let investment when you moved house? Maybe your mortgage lender has failed to pass on interest rate cuts to you?
Lenders are telling us they are more willing to help homeowners out of difficulty but is this really the case? If you have approached your lender for help what has been their response?
Share your views by typing your comments below, or by visiting us at Twitter.
Abandoned pint glasses, all-night parties and overgrown gardens.
If the government succeeds in pushing through its latest property proposals, these hallmarks of undergraduate living could soon vanish to restore suburban order to some densely populated student areas.