Debt

Debt management director banned for misappropriating client money

The Financial Conduct Authority (FCA) has banned Darren Lee Newton from working in any...

Average Brit owes £5,688 of debt

Just under seven million Brits believe they are living debt free despite owing millions,...

Second charge repossessions remain low  

Latest figures released by the Finance & Leasing Association (FLA) show that the number...

Mortgage arrears down 8% year-on-year

UK Finance has reported that there were 78,800 homeowner mortgages in arrears of 2.5% or...

Majority of Brits in debt admit to problems dealing with situation

A Nationwide Building Society poll of more than 2,000 UK adults reveals that of...

UK company bad debt up by £580m

Debt owed to UK businesses across the core 11 sectors was £580m higher in...

Consumer confusion reigns over default responsibility

30% of consumers see defaulting on a loan payment as being the fault of...

New Debt Management Plan range from Pepper Money

Pepper Money has introduced a Debt Management Plan mortgage range for individuals who are...

Provident Financial subsidiary fined £1.97m by FCA

The Financial Conduct Authority (FCA) has imposed a fine of £1,976,000 on credit card...

Many lower income households displaying signs of ‘debt distress’

A rise in consumer credit growth and the prospect of faster-than-expected interest rate rises...

Half a million households at risk of negative equity

Computershare Loan Services has warned that a fall in the average UK house price of...

36-year low for mortgage repossessions

UK Finance has reported that there were 82,800 homeowner mortgages in arrears of 2.5%...

Record low for second charge repossessions

The number of second charge mortgage repossessions in 2017 was 105, 27% lower than...

£13bn of secret debt in the UK

Britons are hiding a collective £13bn worth of secret personal debt from their friends,...

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Brokers face rise in complex cases as bridging demand evolves

As reported recently in trade news, the bridging finance landscape is changing, and brokers are increasingly faced with more complex client scenarios. Greenfield Bridging...

18 months of Inspired Lending: how we’ve grown alongside the bridging market

In December 2023, we completed our very first bridging loan. On the surface, it was a straightforward deal. But for us, it marked something...

Threadbare safety nets and the reassurance of life insurance for mortgagors

For first-time buyers who have managed to save enough for a deposit, there’s a lot to think about when searching for the perfect home....

How might Trump’s tariffs impact on mortgages in the UK?

With Trump’s tariff wars already sending financial markets yoyoing up and down and the likelihood that these trade wars will negatively impact both global...

Key holiday let tax changes: what brokers really need to know

The UK holiday let market has seen rapid growth in recent years, largely fuelled by the rise in staycations and favourable tax incentives. However,...

Latest news

Crystal Specialist Finance appoints group strategy director

Crystal Specialist Finance has appointed Gareth Shilton as group strategy director. Shilton (pictured), who brings...

Hanley Economic unveils 100% Rent to Own mortgage

Hanley Economic Building Society has launched a new 100% loan-to-value mortgage aimed at first-time...

Inspired Lending backs complex South Yorkshire refurb with £1.1m bridging facility

Inspired Lending has completed a £1.1 million bridging loan to fund the acquisition and...

Atom bank sees record Near Prime mortgage activity

Atom bank has reported record levels of Near Prime mortgage business, setting new monthly...
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