Debt

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...

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...
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COMMENT

Homebuying

Removing friction from the homebuying journey

One thing I keep hearing from our advisers is how much more work each case now generates, largely because so much of it involves...

Build, baby, build? Well we will need to fund more than the usual suspects

There was a noticeable sense of optimism at UKREiiF this year. That may sound surprising given the economic headwinds of recent years, but the...

Innovation in the lifetime mortgage market riding high

Innovation in the lifetime mortgage market has created real value for customers – there’s no excuse to ignore it. When a UK borrower reaches 55,...

How small and medium-sized lenders can fix the origination headache

We are constantly told that to fix the mortgage journey, we need to rip everything out and start again. That unless a lender replaces its...

A new PM brings a new opportunity to rethink housing policy

Politics, as it seems to do in recent times, has moved at remarkable speed over the last couple of weeks. In what feels like...

Latest news

News

Together cuts fixed rates and expands criteria

Specialist lender Together has reduced rates across its fixed-rate product range and announced it...
News

Bank lending to smaller property investors falls 14%

The value of lending from UK-regulated banks to small and medium-sized property investment businesses...
awards

L&G names winners of 15th Business Quality Awards

Legal & General has announced the winners of its 15th annual Business Quality Awards. The...
News

MT Finance latest firm to offer World Cup time off

As mortgage firms gear up for England’s 1am World Cup clash against Mexico on...

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