Metro Bank launches mortgages for those with low credit scores, missed payments and repossessions

Metro Bank launches ‘near prime’ mortgages for borrowers with low credit scores, missed payments and even repossessions on their record New mortgages will have less strict credit checks than standard home loansĀ  Those who have missed mortgage or loan payments, declared bankruptcy and even had a home repossessed will be eligible under certain circumstances They … Read more

Home repossessions set to surge after support schemes end

Home repossessions set to surge tenfold next year as support schemes dry up By Fiona Parker For The Daily Mail Published: 22:01 GMT, 19 January 2021 | Updated: 22:01 GMT, 19 January 2021 Home repossessions may surge tenfold in 2022, banking body UK Finance warns. Millions of borrowers have struggled to pay their mortgages in … Read more

Car repossessions to restart from February after Covid-19 ban ends

Drivers who fall behind on car finance payments can have their vehicles repossessed by lenders from February as FCA ban ends Repossession ban has been in place during the pandemic to protect consumers Exceptional financial hardship caused by Covid-19 has seen repossessionsĀ on homes, cars and other products restricted FCA has proposed for motor repossessions to … Read more