Debt

Unsecured debt rising for those with adverse credit

43% of people with adverse credit say their level of debt has increased in...

Sharp rise in number of people seeking debt options

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has...

Over 5m adults ‘haven’t got a clue’ about outstanding debts

67% of Britons admit to having debt that's weighing them down, according to the...

FCA bans referral fees for debt packagers

The Financial Conduct Authority (FCA) is banning certain providers of debt advice from receiving...

“Irresponsible” Everyday Loans TV ad banned

Everyday Loans has had a television advert banned by the Advertising Standards Authority (ASA),...

Homeowners look to consolidate debt as credit card spending grows

As of January 2023, a staggering £63.9 billion was outstanding on credit cards, following...

Homeowners looking for ways to pay off costlier debts

Evolution Money has published the latest results from its quarterly data tracker, which reviews...

Hodge sees sharp rise in over-50s taking mortgages for debt consolidation

New data from specialist lender Hodge shows a significant increase in the number of...

FCA to go ahead with debt packager referral fee ban

The Financial Conduct Authority (FCA) is to move forward with proposals to ban debt...

Versatile approach essential to help clients looking to consolidate debts

It’s been a difficult couple of years for the nation’s finances. The pandemic put...

Rise in borrowers in debt for the first time

As borrowers’ disposable incomes continue to dwindle, it will only be a matter of...

Debt among over-55s becoming more common

39% of over-55s revealed that their outgoings exceeded their income during parts of 2022,...

Adverse borrowers upping their unsecured debt

A third of people with adverse credit say the level of their unsecured debt...

Lack of awareness of support for those in financial difficulty

Bluestone Mortgages has revealed that 16% of people would be too embarrassed to seek...

COMMENT

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

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...

Broker optimism grows as sub-4% rates edge closer

A series of mortgage rate cuts from lenders this week has sparked optimism among...

Renters face higher costs amid strong demand

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

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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