Debt

HSBC shows “worrying picture” of UK’s savings

33% of people in the UK – or 8.5 million households – have £250...

Record pre-tax profits for Virgin Money

Virgin Money has posted its results for 2014, with underlying pre-tax profits rising by...

Many January remortgagors paying off Christmas debts

62% of remortgage customers in January remortgaged to take advantage of the new lower...

Hinckley & Rugby advances up 8% last year

The Hinckley & Rugby Building Society's mortgage advances rose by 8% to £111.9 million...

FLA: second charge repossessions down 36% year-on-year

The number of second charge mortgage repossessions was 447 in 2014, the lowest level...

Repossessions at lowest level since 2006

The number of repossessions fell to 21,000 in 2014 - 26% fewer than the...

HML predicts repossession rate of 0.20% this year

HML has forecast that there will be 20,606 residential property repossessions in 2015. The forecast comes as the...

Largest growth in ‘extra’ consumer debt for a decade

UK households took on an average of £395 of additional consumer debt in 2014,...

Food and travel funded by payday loans

44% of people who took out a payday loan in the last 12 months...

Equity release customers funding home improvements

Key Retirement's 2014 Equity Release Market Monitor shows 63% of customers – compared with 58%...

Brits’ debt “spiralling out of control”

Consumers now owe £196 billion collectively, increasing by 41% from last year, whilst those...

Remortgagors opting to increase loan amount

24% of homeowners remortgaging an existing property in December increased the size of their...

No fall in proportion of people retiring with debt

19% of those planning to retire in 2015 will do so with debts outstanding,...

One-third of personal loans in New Year for debt consolidation

Research from Sainsbury's Bank Loans suggests that up to 212,000 people could take out...

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Helping university students onto the property ladder

As we head towards the Easter break, thousands of first-year university students up and down the country will be preparing for exams and making...

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information website Moneyfacts publishes a regular update on mortgage product numbers,...

Why it matters that bridging hit more than £10bn last year

We see many numbers bandied around in the financial industry, which can sometimes have a numbing effect. So why should we all, especially brokers, care...

Top five reasons why renters should consider short-term protection insurance

In an unpredictable world, financial security can often feel like a luxury, especially for renters who may already juggle living expenses, rent payments, and...

Credit search vs credit scoring

The terms credit score and credit check are often used interchangeably by consumers, many of whom assume they mean the same thing. Yet understanding...

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Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...

Nationwide ups LTV limits for interest-only and foreign national borrowers

Nationwide has announced changes to its mortgage lending criteria, increasing the maximum loan-to-value (LTV)...

Lloyds expects swell in completions ahead of stamp duty deadline

Lloyds Banking Group anticipates a 50% growth in property completions this month as buyers...

Satchell the latest to leave HTB bridging division

Lorenzo Satchell has become the latest senior member of the bridging team at Hampshire...