Debt

Equity release being used to clear debts

Retired homeowners are increasingly using their property wealth to clear debts, including loans, credit...

LMS: eight in 10 remortgagors switch lenders

82% of borrowers who remortgaged in March did so to switch lenders to get...

MMR has caused changes in spending habits

Research by MoneySuperMarket suggest that prospective borrowers are changing their spending habits in a...

‘Mortgage Freedom Day’ pushed back eight days

Halifax said last Saturday (18 April) was this year’s UK Mortgage Freedom Day. It is calculated...

18-34 year olds find it hardest to live within their means

13 million households believe their debt situation is going to worsen before it gets...

1.5 million borrowed to pay rent or mortgage last month

Six million Brits (12%) borrowed money to cover their grocery bills last month, according...

New buy-to-let statement of practice unveiled

Buy-to-let lenders which are members of the Council of Mortgage Lenders (CML) are adopting...

18 to 24-year-olds most likely to have a CCJ

27% of adults in the UK have, at some point, been contacted by a...

FCA publishes business plan for 2015/16

The Financial Conduct Authority (FCA) has revealed the key areas of work it will undertake in...

Calls for major reform of Money Advice Service

The Money Advice Service (MAS) has been heavily criticised in an independent report. The review...

ICO raids PPI call centre

A call centre in Hove has been raided by the Information Commissioner's Office (ICO). The...

Quantum by Bridgebank Capital aids debt forgiveness deal

Quantum by Bridgebank Capital has completed a £1.2 million short term loan advance for...

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...
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COMMENT

Later Life

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

results

Access FS mortgage business rises 46.8% in record July

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

LiveMore launches mortgage podcast for brokers and advisers

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

Mortgage myths deter would-be first-time buyers

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

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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