While the recent rate of home repossessions expected to occur this year has been adjusted downward, there are industry experts who are warning the public that bad debt in regards to mortgages could be on the rise this autumn.

An ever-increasing number of mortgage loan providers have been hiking the rates on their standard variable rate loans in spite of the historically low 0.5 per cent base rate set by the BoE’s Monetary Policy Committee.

Nationwide recently commented that the UK mortgage market has undergone changes in a significant manner from 2008 to now.

There was little change to the mortgage approval statistics in July, showing that the housing market is still sluggish.

The Post Office may not be a name that leaps to mind when you consider shopping for a home loan and yet it is making headlines again by reducing the rates of its buy to let mortgages by 0.8%.