Debt

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...

Average lifetime of borrowing charted

MoneySuperMarket has calculated that the average British borrower will owe £309,000 over their lifetime, including...

Over 50s: debt is part of modern life

More than half of people over 50 believe that debt is a part of...
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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