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The number of homes owned with a mortgage dropped 6 per cent between 2001 and 2011, down from 8.4m to 7.6m, according to data from the 2011 census.
The large majority of mortgage brokers would not consider recommending someone outside of the industry to join, according to Mortgage Strategy’s straw poll last week.
The Autumn Statement is firm proof that politicians do not have the answers to our housing problems but at least there was some Funding For Lending improvement which bodes well for next year
Northern Rock will be forced to pay £270m back to customers who took out its controversial Together mortgage after errors were discovered in loan documentation dating back to 2008.
Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.