Debt

Small rise in repossessions

UK Finance has reported that the number of mortgages in arrears of 2.5% or...

Repossession to completion times shorten

The length of time from taking a house into possession until its sale has...

Equity release customers using property wealth to clear debts

One third of equity release customers are unlocking wealth from their properties to clear...

Call for FCA to curb rise of consumer debt

With a November rise in Bank Rate looking likely, Citizens Advice is urging the Financial Conduct...

Debt ‘breathing space’ proposals outlined

The Government has announced proposals to give people in debt six weeks breathing space...

FCA bans debt management pair

The Financial Conduct Authority (FCA) has banned Adrian and Christine Whitehurst, former directors of...

Further fall in arrears and repossessions

Trade body UK Finance has revealed that the number of mortgages in arrears of...

Lloyds to pay £283m in redress over mortgage arrears fees

Lloyds Banking Group has agreed with the Financial Conduct Authority (FCA) to set up...

Households increasingly relying on unsecured debt

28% of Brits have sought to borrow an amount equal to at least half...

Creditor Toolkit hailed as ‘breakthrough’

Computershare has backed the launch of the Money Advice Service’s (MAS’s) new Creditor Toolkit. MAS...

Debt consolidation hotspot in borrowing revealed

53% of all loan requests in the Lytham St Annes postal area are aimed...

PRA reviewing consumer credit lending following growing concerns

The Prudential Regulation Authority (PRA) has undertaken a review of consumer credit lending, examining...

FCA consults over consumer credit staff incentives

The Financial Conduct Authority (FCA) has today published proposals on how consumer credit firms...

New credit guide for vulnerable customers

The Finance & Leasing Association (FLA) and The UK Cards Association have launched a new...

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COMMENT

Helping university students onto the property ladder

As we head towards the Easter break, thousands of first-year university students up and down the country will be preparing for exams and making...

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information website Moneyfacts publishes a regular update on mortgage product numbers,...

Why it matters that bridging hit more than £10bn last year

We see many numbers bandied around in the financial industry, which can sometimes have a numbing effect. So why should we all, especially brokers, care...

Top five reasons why renters should consider short-term protection insurance

In an unpredictable world, financial security can often feel like a luxury, especially for renters who may already juggle living expenses, rent payments, and...

Credit search vs credit scoring

The terms credit score and credit check are often used interchangeably by consumers, many of whom assume they mean the same thing. Yet understanding...

Latest news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...