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...
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COMMENT

Homebuying

Removing friction from the homebuying journey

One thing I keep hearing from our advisers is how much more work each case now generates, largely because so much of it involves...

Build, baby, build? Well we will need to fund more than the usual suspects

There was a noticeable sense of optimism at UKREiiF this year. That may sound surprising given the economic headwinds of recent years, but the...

Innovation in the lifetime mortgage market riding high

Innovation in the lifetime mortgage market has created real value for customers – there’s no excuse to ignore it. When a UK borrower reaches 55,...

How small and medium-sized lenders can fix the origination headache

We are constantly told that to fix the mortgage journey, we need to rip everything out and start again. That unless a lender replaces its...

A new PM brings a new opportunity to rethink housing policy

Politics, as it seems to do in recent times, has moved at remarkable speed over the last couple of weeks. In what feels like...

Latest news

News

Together cuts fixed rates and expands criteria

Specialist lender Together has reduced rates across its fixed-rate product range and announced it...
News

Bank lending to smaller property investors falls 14%

The value of lending from UK-regulated banks to small and medium-sized property investment businesses...
awards

L&G names winners of 15th Business Quality Awards

Legal & General has announced the winners of its 15th annual Business Quality Awards. The...
News

MT Finance latest firm to offer World Cup time off

As mortgage firms gear up for England’s 1am World Cup clash against Mexico on...

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