Debt

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,...

Daily financial worries cause of stress for millions

Over 13.8 million people (28.8%) say daily money worries are their main cause of...

Brits take on debt to fund Christmas

Nationwide Current Accounts survey has found that Brits are on average spending five months...

Homeowners’ safety net has been eroded

A new report commissioned by UK Finance, Challenges for our Home Ownership Safety Net: UK...

Equifax highlights monthly financial pressures on families

25% of parents have admitted to missing monthly credit card payments, according to new...

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...
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COMMENT

Later Life

Underwriting: Are we saying “no” to the wrong risks?

Over the last two days I’ve talked about the size of the later life lending market and the knowledge gap that still exists around...

The blind spot: residential advisers and the over-55 customer

Yesterday I talked about the supportive nature of the equity release and later life lending community and the fact that collaboration is one of...

The uncomfortable truth about the later life lending market

The headlines around the latest Equity Release Council figures released this month all suggested growth. But I think we need to have an honest...

Are we actually set up to support first-time buyers?

After a summer spent thinking it over, this time of year is often the point where first time buyers decide whether they're going to...

Leasehold reform has a September window – will Burnham use it?

At the time of writing, the Commonhold and Leasehold Reform Bill still has no published First Reading date.  But is it imminent? Andy Burnham entered...

Latest news

results

Access FS mortgage business rises 46.8% in record July

Access Financial Services recorded its strongest month for mortgage business in July, with activity...
Later Life

LiveMore launches mortgage podcast for brokers and advisers

LiveMore has launched a podcast series covering developments in the specialist and later-life lending...
News

Mortgage myths deter would-be first-time buyers

Misconceptions about mortgage eligibility may be prompting aspiring first-time buyers to abandon their plans...
Building Societies

Dudley Building Society publishes guide to trusts

Dudley Building Society has published a guide explaining how trusts can be used to...

PROFILES