Debt

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...

Rents up annually despite December fall

There was been a 3.0% rise in rents during 2014, despite falling on a...

Research highlights debt implications of funerals

More 40% of people think their families would be unable to cover the cost...

Borrowers spend c.20% of take home pay on debt repayments

7% of people who have unsecured borrowings are spending 50% or more of their...

IMLA calls for a coherent housing strategy

The Intermediary Mortgage Lenders Association (IMLA) has called for a root and branch review...

North West remains the repo capital of the country

There was a closing in the North-South divide in home repossessions over the past...

Latest POLL

COMMENT

Two lenders under one roof and a new-look team

The past 12 months or so have been anything but dull at Chetwood Bank. In May 2024, we announced that we’d acquired CHL Mortgages...

The nightmare of UK homebuying needs reform

House sellers will be forced to disclose problems with their homes before sale under plans by the Government to cut costs for buyers and...

Goldilocks and the three bear markets

Are you familiar with C/2025 N1 (ATLAS) or you might know it by its nickname 3I/ATLAS? Whatever you want to call it,  it is currently...

Mark Bogard on policy, politics and the future of advice

When Mark Bogard, Chief Executive of Family Building Society, talks about Britain’s housing policy, he is unsparing in his assessment: short-termism, revolving-door ministers and...

Finding efficiency will keep branches as the beating heart of mutual sector

Whether you speak to customers or building societies, they will tell you just how important branches are – even as financial services and wider...

Latest news

Just Mortgages marks four years of broker wellbeing support with new podcast and resources

Just Mortgages has marked four years since the launch of its mental health and...

The Mortgage Lender reduces buy-to-let rates and launches £500 cashback offer

The Mortgage Lender (TML) has cut rates across its buy-to-let range and introduced a...

The Right Mortgage & Protection Network welcomes back Robin Pearson as head of risk

The Right Mortgage & Protection Network has announced the return of Robin Pearson to...

HTB hires new head of portfolio management

Hampshire Trust Bank (HTB) has appointed Mathura Paramjorthy as head of portfolio management within...