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Interest rate cuts `were not anticipated by consumers` Nearly half of young mortgage holders `need help from family` Abbey cuts mortgage rates New arrears guidance issued by CML Mortgage fraud `on the up` CML expresses concerns over sale and lease back schemes Business groups call for further rate cuts Interest rate cut `will help some struggling borrowers` Mortgage approvals `hit by continued market uncertainty` Company reduces rate of home loans Mortgage rates `to rise` Consumers `will be hit by reduced credit` `Nearly £20k` needed to secure a mortgage Borrowers urged to take advantage of good mortgage deals Mortgage lending falls in August Variable-rate mortgages `increasingly appealing to homeowners` Parents `relying on loans to cover school fees` Further mortgage rate cuts announced Remortgaging `on the rise` Mortgage lenders call for swap plan renewal

Mortgage consumers `better informed than ever`

18/09/2007

Homeowners and those about to enter the housing market are now better informed than ever before about the range of mortgages on the market, an industry expert has claimed.

Increased media coverage and companies offering wide-ranging online sites have made consumers better aware of the financial market, a spokesperson for mortgage broker Charcol said.

The increase in popularity of the internet has created "less hassle" in the mortgage market, with consumers able to get information and quotes "all in one place". The spokesman said the market as a whole causes "less confusion" as more information is available.

He added: "The more knowledge the general public have about something, the easier it becomes to understand. The internet has made mortgages a lot easier to deal with. The better informed you are, the chances are you`ll make a better decision."

Statistics released by the Council of Mortgage Lenders earlier this month stated that the number and value of mortgages taken out by both homebuyers and those remortgaging fell in July.

Many debts unaffected by base rate cut 09/01/2009 - Yesterday, many borrowers welcomed the Bank of England’s base rate 1.5% base rate – an historic low 08/01/2009 - Today’s base rate cut by the Bank of England’s Monetary Gas price cuts expected 07/01/2009 - Energy company Scottish Power has announced the launch of a Personal debt about £1.5 trillion 07/01/2009 - The UK’s personal debt stands at around £1.5 trillion, according