Debt

Payday lender in £34m customer redress action

Payday firm CFO Lending is to provide over £34 million of redress to more...

Londoners leaving home at risk of debt

New research from Weroom, the flatsharing marketplace, reveals that the annual exodus of people...

Citizens Advice: payday lenders still failing borrowers

Citizens Advice has revealed that its research shows that certain payday lenders are still failing...

Claims firm rapped over misleading tweet

A claims management firm has been warned by the Advertising Standards Authority (ASA) over...

40% fall in second charge repossessions

The number of second-charge mortgage repossessions in the second quarter of 2016 was 40, down...

Fall in arrears and possessions continues

The Council of Mortgage Lenders (CML) has reported that the number of mortgages in...

Financial plight of millennials revealed

35% of Britain’s 'millennials' (those aged 18-35s) say their generation has been priced out of...

CCJs at highest level for a decade

Second charge mortgage lender Equifinance says the continuing rise in the number of county...

18% say they have a ‘debt problem’

Latest figures released by Debt Advisory Centre suggest that nine million UK adults think that they have...

Debt hampering life chances

High levels of debt make people less likely to move house, apply for a...

Commercial broker gains FCA authorisation

Commercial finance broker Pegasus Funding Resources has been granted authorisation to carry out credit broking,...

Debt collection directors disqualified

A pair of directors involved in a business providing debt collection services have been disqualified...

One in four SMEs suffer bad debt of over £10k

Over a quarter of small and medium sized enterprises (SMEs) in the UK, suffer...

Repossession firm wound up

A Stourbridge-based repossession and eviction advice firm has been wound up following an investigation...

COMMENT

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

Access FS mortgage business rises 46.8% in record July

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

LiveMore launches mortgage podcast for brokers and advisers

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

Mortgage myths deter would-be first-time buyers

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

Dudley Building Society publishes guide to trusts

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

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