Debt

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...

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...
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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

criteria

Foundation raises income multiples for higher-earning mortgage borrowers

Foundation Home Loans has increased the amount higher-earning residential borrowers can access under changes...
wellbeing

Wealthy Advisers Club funds £997 wellbeing retreat place to MIMHC

The Wealthy Advisers Club has donated a fully funded place at its inaugural Digital...
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...

PROFILES