Take-up of the Government's Mortgage Rescue Scheme remains slow, with just four more homeowners taking part in the scheme in May, to join the two which have been accepted onto the scheme since it launched in January.
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The number of mortgage approvals for house purchase rose in May, according to the latest figures from the Bank of England, reaching a higher level than in April, and higher than the previous six month average. more
Tracker mortgages are largely cheaper than fixed rate mortgages at the moment, but a one per cent rise in the base rate would change everything, moneysupermarket.com is warning borrowers. more
New mortgage customers are being lured by competitive tracker deals this week, weakening the position of the ever-popular fixed rate mortgage. more
