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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Bridging the Pond: How large is the US bridging finance market, and compared to the UK?

When we first got started with LendInvest in the UK, post the financial crisis, bridging finance was a much more nascent product than it...

Passing the affordability exam

As teachers and students of various ages have spent August nervously opening exam results following years of study that will determine their ability to...

Investors are changing their approach – and lenders should too

The buy-to-let market never stands still, but the pace of change in recent years has been remarkable. The days of the so-called ‘accidental landlord’,...

Leasehold fees, specialists and the need to shop around

Leasehold properties account for around 20% of all dwellings in the UK, and while that figure may change in the future with government legislation...

Tuning into later life lending conversations

There are certain conversations in our profession that can genuinely change the course of a client’s life. Later life lending sits firmly in that...

Latest news

Carlyle to acquire intelliflo from Invesco in $200m deal

Global investment group Carlyle has agreed to acquire intelliflo, the London-based provider of cloud-based...

LMS becomes affiliate member of the Conveyancing Association

The Conveyancing Association has welcomed LMS as its newest affiliate member, marking a formal...

Molo cuts UK resident buy-to-let rates

Molo has reduced its standard buy-to-let fixed rates for UK resident landlords. The changes mean...

Jitty launches mortgage-linked budget calculator with L&C

Jitty, the AI-driven homebuying platform, has teamed up with L&C Mortgages to launch what...