BBC News
Launch consoleBBC NEWS CHANNEL
Page last updated at 11:21 GMT, Thursday, 23 October 2008 12:21 UK

Mortgages: Your questions

Mortgage application
BBC Radio 4's Money Box Live
Monday, 20 October 2008,
at 1502 BST
On Radio 4 and Online

On Monday's Money Box Live, Paul Lewis took your questions about mortgages and put them to a panel of expert guests.

The number of mortgage products available has reduced rapidly since the credit crunch began.

Mortgage providers are tightening their lending criteria, asking for larger deposits and raising fees.

And despite the recent cut in the Bank of England Base Rate of 0.5 percentage points to 4.5%, not all lenders have passed this cut on in full and some have increased their tracker rates.

So if you are coming to the end of an existing loan or trying to find your first mortgage you may be struggling to obtain a suitable offer.

How much can you borrow?

What sort of deposit will be required?

Should you consider trackers, discounted, offset or fixed rates?

What are the likely fees and is it unwise to add these to the mortgage product?

Or perhaps you are anxious about, or struggling to meet, higher mortgage costs?

What are your rights and responsibilities if you cannot meet repayments?

Where can you find free advice and help?

Whatever your question, Paul Lewis and experts were here to offer advice.

Paul Lewis was joined by:

• Ray Boulger, John Charcol
• Melanie Bien, Savills Private Finance
• Hayley Rowley, Citizens Advice

Presenter: Paul Lewis
Producer: Lesley McAlpine

Money Box



Download or subscribe to this programme's podcast

Podcast Help

External internet links
15 Oct 08 |  Moneybox
Rent back deals 'need firm rules'
15 Oct 08 |  Business
Nationwide's mortgage costs cut
15 Oct 08 |  Business
Lenders defend mortgage policies
14 Oct 08 |  UK Politics
Home loan numbers at record low
14 Oct 08 |  Business
House sales hit new 30-year low
13 Oct 08 |  Business
Mortgage plan is 'an aspiration'
13 Oct 08 |  Business
Blow for new mortgage borrowers
10 Oct 08 |  Business
Flats 'see biggest price falls'
09 Oct 08 |  Business
Further decline in house prices
09 Oct 08 |  Business


Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

banner watch listen bbc sport Americas Africa Europe Middle East South Asia Asia Pacific