Researchers at Durham University have found many homeowners are remortgaging their homes for cash to supplement their day-to-day expenditure. The researchers looked at the spending patterns of more than 8,000 families from 2001 to 2005 and found a third of people used the cash released by equity in theirRead More →

The Royal Bank of Scotland has been ordered to drop repossession proceedings against a family after the Financial Ombudsman Service branded its actions unfair. The Ombudsman was not satisfied with RBS’s order to repay the entire mortgage within 30 days without giving an explanation, saying the bank had notRead More →