homeowners

Traditionally, the American Dream has meant a home to hang your hat, raise your children and grow old together. However, that simple dream has been complicated by speculation and risk-taking during the past half century, which has resulted in an implosion of the housing market.

Reporting on its recent “Future Housing” conference the Council of Mortgage Lenders (CML) says it expects the UK to see a smaller proportion of homeowners and a higher proportion of tenants, mostly in the private sector, in the years ahead.

Millions of Americans are now deeply underwater on their mortgage. If you're among them, you need to stop living in a dream world and give serious thought to walking away from the debt.

The fourth in our 'ask the expert' series, which sees Kevin Boon of the Consumer Credit Counselling Service (CCCS) address the issue of student loan repayments.

Homeowners on variable interest rates are in line for a rate hike of as much as 1.5 per cent, writes FIONA REDDAN