Debt

Wonga to pay millions in compensation

Wonga is to pay compensation of over £2.6m to around 45,000 customers for unfair...

Major decline in debt being written off by banks

The amount of personal debt banks and building societies wrote off reached an all-time...

Equifax involved in Money Advice Service campaign

Online credit information provider Equifax has outlined its partnership with the Money Advice Service...

Acquisition of distressed assets gaining in popularity

A number of properties and loans coming on the market through insolvent zombie property...

Teens put faith in banks despite parents’ mistrust

Almost half of teenagers trust banks more than their own parents for financial advice,...

Under a third plan debt consolidation

29% of people with multiple unsecured debts, such as credit cards, overdrafts and loans,...

Scots admit to concealing borrowing

One in 10 adults in Scotland admit they have debts or owe money that...

TCG unveils new rehabilitation report suite

The Charlbury Group has launched a new series of reports within its arrears management...

FCA warns Debt Help & Advice customers

The Financial Conduct Authority (FCA) has warned people who have a debt management plan...

Second charge repossession figures remain low

There was a 43.4% fall in second charge mortgage repossessions in the first quarter...

Nearly 10% admit to recent CCJ

8% of UK adults say they have had a County Court Judgement (CCJ) (in...

Debt issues affect the self-employed

Debt makes up a third of the problems that self-employed people need help with...

Large fall in outstanding interest-only debt

The Council of Mortgage Lenders (CML) has reported a significant reduction in outstanding interest-only...

Rise in company liquidations

Insolvency Service data out today show that company liquidations in England and Wales in...
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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

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...
News

Broker optimism grows as sub-4% rates edge closer

A series of mortgage rate cuts from lenders this week has sparked optimism among...
Buy-to-let

Renters face higher costs amid strong demand

Two in three (63%) recent movers ended up paying more rent than planned, as...
Buy-to-let

ModaMortgages cuts rates across limited-edition BTL range

ModaMortgages has announced a reprice of its limited-edition buy-to-let range, with rate reductions across...

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