Gordon Brown today claimed that a decade ago, in Harvard, he had called for better regulation of the financial markets to avoid future credit problems.
Thanks to the collapse of confident lending between banks, it is now a struggle to obtain secured loans, and bad credit mortgages are perhaps the most difficult to find.
Mr Brown, however, [...]

Nationalised bank Northern Rock has been allowed by the government to slow down repayments of its £26 billion loan.
This represents a change of plan for the struggling bank, which previously advised customers to try and switch to another bank.
Now, the bank can afford to keep its customers, allowing them to remortgage with Northern Rock [...]

A leading commentator on the mortgage market has said that mortgages will become even more expensive in the new year.
Max Sinclair of Property Week says in an editorial piece that lenders will not lower LTVs and the days of cheap and easy mortgages are over.
This spells bad news for anyone searching for bad credit mortgages, for [...]