Lenders warn that defaults will increase over the next quarter
Lending of 35-year mortgages has risen from 4% to 12%
Arrears balances have risen by 28.8% to £16.9bn
New UK lender Perenna has been cleared by the FCA
More than 90% of mortgage holders will refix deals at worse rates by the general election
Some 30% of Londoners buying outside the capital in H1 were first-time buyers
Taylor Wimpey says number of buyers using 36-year-plus loans has quadrupled to 27%
NatWest, Halifax and Virgin Money say they will make cuts this week
Approvals up from 51,000 to 54,700 last month, but still below pre-pandemic average
Nationwide, Barclays, TSB and a slew of smaller lenders have cut loan costs
Others will follow as bank lowers rates
Netherlands-style long-term, fixed-rate loans are being considered by the Treasury