Debt

CMCs face large fines for bad service

Claims management companies (CMCs) responsible for providing bad service and bombarding people with nuisance...

Growing confidence in own financial situations

A new survey from Ocean Finance has highlighted that most people believe in their...

Citizens Advice: fake legal letters “callous intimidation”

Citizens Advice has said the sending of fake legal letters chasing payday loan debts...

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...
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COMMENT

Comment

Let’s not get bogged down in the macro, let’s focus on the ones and twos

In challenging times such as this, it often feels like the first instinct for many in the mortgage market is to talk it down....

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...

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