The Credit Crunch
Articles about how the 2008 financial crisis affected UK mortgages and borrowers. Topics include bank failures, government interventions, repossessions and negative equity situations.
All About Base Rate Cuts
Base rate cuts affect your mortgage, savings and spending power depending on whether you're a borrower or saver.
Finding a Tracker Mortgage
Tracker mortgages move with the bank base rate, but fewer lenders offer them now due to interest rate uncertainty.
Has the Credit Crunch Killed Off Self-Cert?
Self-cert mortgages let borrowers hide their income, but the credit crunch and FSA concerns about fraud have put them in the firing line.
How and When Will the Market Recover?
Nobody can predict exactly when markets will recover, but watch for rising house prices and interest rate increases as early signs.
How the Government Bailout Banks
The UK government offered banks £37bn in emergency funds to prevent financial collapse and protect the economy.
In Mortgage Arrears: What Can I Do?
If you're behind on mortgage payments, contact your lender immediately to discuss payment plans, reduced rates, or other options to avoid repossession.
In Negative Equity: Can I Move?
Being in negative equity makes it hard to move or remortgage, but some lenders now offer schemes to help mortgage prisoners get out.
Protecting Your Mortgage
Mortgage Payment Protection Insurance can help cover your payments if you lose your job, but weigh the costs and coverage limits carefully.
Questionnaire: Are You at Risk of Negative Equity?
Check if you're at risk of negative equity by answering a few simple questions about when you bought your home.
Rising Repossessions Due to the Credit Crunch
More people are losing their homes to repossession as the credit crunch forces lenders to take action on missed mortgage payments.
What's Happening to the Mortgage Market?
Funding shortages are making mortgages harder to get and pushing house prices down across the market.
Why Mortgage Lenders Are Going Bust
The mortgage market has shrunk from over twenty lenders to around ten as firms collapse under financial pressure.
Topics
Free Tools
Mortgage Costs
FAQ's
Case Studies
First-time Buyers
Clear a Mortgage
Facts & Figures
Mortgage Types
Bad Credit
Self-Certification
Self-build Mortgage
Borrowing
Timing
Mortgage Sharing
Getting Advice
The Mortgage Process
Insuring the Mortgage
Regulation
The Credit Crunch
Remortgaging