Debt

Seven-year low for second charge repossessions

The number of second-charge mortgage repossessions totalled 228 in 2015, the lowest level for at...

Arrears and repossession levels still falling

The Council of Mortgage Lenders (CML) has reported that fewer than one in 1,000...

Small businesses going legal over debt

The volume of County Court Judgements brought by small businesses rose by 23% from the...

Secured lender see more clients wanting out of DMPs

Equifinance has witnessed a rise in clients wanting to exit their Debt Management Plan...

A further 700,000 households in default by 2020

Consumer debt defaults will increase by 17% over the next five years according to...

12.4% annual house price growth for London

The Land Registry has reported an annual price increase of 6.4% in December 2015. This takes...

64% of remortgagors secured a lower rate

11% of borrowers who remortgaged in December did so to pay off other debts...

Surge in debt consolidation mortgage enquiries

Kensington Mortgages has found a noticeable increase in the number of people looking to consolidate their...

Average individual unsecured debt now over £6k

Brits are taking on an increasing amount of unsecured debt, according to MoneySuperMarket. Individuals in...

20% have no idea how they’d cope with rate rise

TSB has found that 72% of homeowners are likely to see their mortgage payments...

14% rise in number of tenants with serious arrears

There was a 13.8% quarterly increase in the number of tenants seriously behind on...

Households’ financial anxiety on the rise

Adults' financial anxiety in 2015 has increased sharply since 2014 and is now back to the...

Rents cooling in run-up to Christmas

Rents across England and Wales have fallen below the £800 mark, according to the...

Rise in brokered remortgage volumes

31% of borrowers who remortgaged in November, did so to increase the size of...

COMMENT

Cashback, remortgages and adviser opportunity in 2026

A recent flood of mortgage products into the market offering cashback prove it has moved from the margins of the remortgage market to the...

Autonomous AI is waiting for us

The UK rightly prides itself on having one of the most respected financial services sectors in the world but even strong markets benefit from...

TOM BILL: Rate cut expectations fade amid mixed signals

Borrowing costs have risen in recent weeks for reasons that include stronger-than-expected UK economic data and tempering the outlook for cheaper mortgages. However, an uncertain...

Think you know CeMAP? Maybe it’s time to think again

Anyone who wants to work as a mortgage adviser in the UK needs to hold qualifications that are recognised by the FCA and, for...

Second charge mortgages set for another strong year in 2026

A few weeks into 2026, the direction of travel for the second charge mortgage market is already clear. Momentum has carried over from last...

Latest news

OneDome secures $25m (USD) to fuel UK expansion

OneDome, the UK-based housing and fintech platform, has raised $25 million (USD) in a...

Bridging completion times fall to eight-year low as speed regains priority

The average time taken to complete a bridging loan fell to 43 days in...

Accounts manager jailed after £767k theft from Newcastle panel management firm

A senior employee at Newcastle-based Pure Panel Management has been jailed after embezzling more...

Cambridge BS opens new funding round for local housing and homelessness projects

The Cambridge Building Society has opened applications for its Community Fund, continuing its commitment...

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