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Northern Rock: US firm 'misled' UK government on mortgages

BBC's Panorama says a US private equity firm failed to provide better mortgage deals for customers.

Almost 4.5 million households -- or 9.1 percent -- owed more than their homes are worth in the fourth quarter of 2017, according to data firm Zillow.

Deals that require a 5% deposit are growing in number, but repayment concerns remain.

Barclays and NatWest raise rates by as much as 0.9% for new borrowers.

The deal with US authorities relates to the sale of risky mortgage products before the financial crisis.

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