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Tracker borrowers fail to use low rates to overpay

Almost two-thirds of borrowers on a tracker mortgage are not taking advantage of low interest rates to overpay on their mortgage. This has risen from just over half of borrowers in May 2009, says Unbiased.co.uk.

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TFC Homeloans calls for rebrand of sub-prime

TFC Homeloans, the specialist distributor, believes that the lighter end of the sub-prime mortgage market could be returning, though those choosing to operate in it will continue to reject the traditional terminology.

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Tesco to make further inroads into housing

Tesco plans to expand its house-building services with the construction of four developments in the South-East. It is reported that the supermarket also has plans to build homes, shops and leisure developments in Ipswich and the North-East.

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