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KEYWORD "Finances" - 74 RESULTS
Worrying rise in mortgage arrears and repossessions - new data

UK Finance says there were 93,680 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in...

12 February 2024

From: Breaking News

Mortgage defaults jump - and there may be worse to come

Banks are reporting that default rates increased in the final quarter of 2023, albeit more slowly than the quarter before -...

22 January 2024

From: Breaking News

Metro Bank NOT selling residential mortgage portfolio after all

Metro Bank says it will not, after all, be selling its residential mortgage portfolio despite widespread industry speculation that it was...

27 December 2023

From: Breaking News

Guidance for Brokers on how to woo Eco-conscious Borrowers

Research from Coventry for Intermediaries has revealed that there is a clear generational difference in attitude when it comes to making...

27 December 2023

From: Breaking News

2024 - forecasts on lending, buy to let, arrears and possessions

UK Finance has published its housing and mortgage market forecasts for 2024 and 2025 together with projections for 2023 full year numbers. Key figures for 2023 In...

20 December 2023

From: Breaking News

Alarm Bells Ring as mortgage arrears shoot upwards

The Bank of England says there was £18.8 billion of mortgage borrowing in arrears in the third quarter of this year. That’s...

20 December 2023

From: Breaking News

Landlords to expand portfolios in 2024 despite huge increase in costs

Many landlords say they’re set to expand investments in 2024 despite facing up to 80 per cent higher costs in the...

18 December 2023

From: Breaking News

Barclays likely to bag Metro Bank mortgage book ‘by year end’

A report on Sky News says talks are underway for Barclays hto acquire the £3 billion mortgage book of the troubled...

04 December 2023

From: Breaking News

Millions of Borrowers Struggle with Mortgage Payments

An estimated seven million UK households are struggling to keep up with their rent or mortgage payments, Which? warns, with millions...

04 October 2023

From: Breaking News

What Next After A Year Of Mortgage Mayhem?

It’s now one year since former Prime Minister Liz Truss and Chancellor Kwasi Kwarteng’s ill-fated mini-budget, which acted as a catalyst...

04 October 2023

From: Breaking News

Mortgage affordability to be hit by council mayhem - claim

Brokers are warning that dramatic council ‘effective bankruptcies’ will increase local residents’ tax bills and so hurt mortgage affordability. This follows the...

20 September 2023

From: Breaking News

UK Finance Review shows how borrowers cope with higher rates

UK Finance’s latest Household Finance Review - for the second quarter of this year - lifts the lid on mortgages. The headlines...

06 September 2023

From: Breaking News

Brokers warn on growing housing market crash fears

The latest house price index - this one from the Halifax - has triggered a huge wave of concern about the...

11 July 2023

From: Breaking News

UK Finance reminds lending sector of obligations

Trade body UK Finance has issued a timely reminder to the mortgage lending sector of its obligations to borrowers struggling following...

27 June 2023

From: Breaking News

Returning Homebuyer Show Scotland partners with Mortgage Advice Bureau

Autumn 2023 will see the return of the Homebuyer Show Scotland in Glasgow, a dedicated show for Scottish homebuyers looking to...

18 April 2023

From: Breaking News

Young people more likely to opt for trackers, says Uswitch study

People aged 18-24 are more than twice as likely to choose a tracker mortgage than any other age group Those 55 or...

07 February 2023

From: Breaking News

Lenders offer brokers some specialist learning to help clients

With many borrowers under the cosh because of the cost of living crisis, lenders are offering brokers a chance to learn...

07 February 2023

From: Breaking News

What homeowners want - 78% of homeowners want more energy efficient property

Property maintenance solution provider, Help me Fix, revealed that 74% of homeowners determine that the energy efficiency of their home is important. By surveying...

25 October 2022

From: Breaking News

Low trust amongst banking customers as recession looms

During these uncertain economic times, people are extra careful with their money, and to this end, new research reveals that 48%...

25 October 2022

From: Breaking News

Oh dear! Mortgage payments see second largest increase

Not the best news for the property sector, as the latest research by Revolution Brokers, shows that the monthly cost of...

06 October 2022

From: Breaking News

Three quarters of landlords support tenants with the rising cost-of-living

Pressure amongst tenants has been mounting as fuel, household bills, and everyday essentials have hit eye-watering costs. New research by Shawnbrook shows...

20 September 2022

From: Breaking News

Revealed - mortgage costs increase up to 21.5%

New findings by Revolution Brokers reveal exactly how much more money homeowners and buyers can expect to pay for their mortgage...

15 September 2022

From: Breaking News

Brace yourselves! Homeowners need to start winterproofing their homes

The colder months are already creeping up on the nation which means that doing some patchwork around the house could make...

08 September 2022

From: Breaking News

Pay increase please! £3,500 more needed to keep pace with inflation

A study done by RIFT Tax Refunds has disclosed just how much the average person would need to see their pay...

30 August 2022

From: Breaking News

Revealed – dwindling house prices connected to low stock levels

Property purchasing specialist, HBB Solutions, recently commissioned a survey of 1,225 UK homeowners to reveal the biggest worries and concens homeowners...

25 August 2022

From: Breaking News

Everything you need to know about the cost-of-living crisis and your property

Every day on the news we hear more and more about the ever-mounting cost-of-living in the UK, and households are now...

16 August 2022

From: Breaking News

How brokers can help first-time buyers on the affordable mortgage route

In this guest piece, Adrian Plant, director of Shared Ownership at Leaders Romans Group and Calum Toone, mortgage advisor at Mortgage Scout, delve into the...

30 June 2022

From: Breaking News

Cost of living leaves 86% of rental households feeling financially strained

The pressure of the constant surge in the cost of living for UK rental households are prevalent, and the effects are...

10 June 2022

From: Breaking News

One in five consumers overwhelmed talking to financial advisers

Speaking to a financial adviser is more daunting for UK consumers than self-managing their finances, a YouGov study reveals. In a survey...

31 May 2022

From: Breaking News

Mortgage roundup – industry firsts and product enhancements

This week’s roundup takes a look at the latest in the mortgage market, from L&G’s latest addition to its lender panel...

26 May 2022

From: Breaking News

A third of property professionals aren’t AML compliant – study

Almost a third of property professionals believe their own anti-money laundering (AML) procedures wouldn’t stand up to scrutiny, research from Credas...

28 April 2022

From: Breaking News

Are mortgage approvals set to soar in 2022? Studies point to yes

Mortgage approval levels could climb right through until Christmas as the pandemic property market boom shows little sign of slowing, new...

19 April 2022

From: Breaking News

Home movers: Tips for spring cleaning your mortgage

As the weather begins to warm up, many will be starting to think about giving their homes a seasonal spring clean....

05 April 2022

From: Breaking News

Rising interest rates pose ‘financial misery’ for 57% of buyers

As a direct result of the rising cost of living, over half (57%) of Brits are already struggling financially, or expect...

24 March 2022

From: Breaking News

Pandemic pinch – 3.2m adults have missed some form of major payment

Some 3.2 million adults in the UK have missed some form of major payment over the last two years as the...

15 March 2022

From: Breaking News

Don’t let the heart rule the head when buying a house - tips from Together

Scott Clay at Together - the specialist lender - has shared a few tips for couples considering buying their first home...

15 February 2022

From: Breaking News

Nationwide house price index shows strong market – industry reacts

The latest Nationwide house price index, released yesterday morning, reveals that January has seen the strongest start to the year since...

03 February 2022

From: Breaking News

Revealed – the top searched market trends of the last three years

Legal & General has unveiled the top search trends that have driven activity in the market over the past three years,...

27 January 2022

From: Breaking News

New Year budgeting tips revealed

As we’ve entered another New Year, now is as good a time as any to re-evaluate our spending habits and get...

20 January 2022

From: Breaking News

How can the mortgage industry deliver the green agenda?

When looking at the problem for a greener future many people point to cows or cars, when in fact the housing...

06 January 2022

From: Breaking News

Millennials remortgage without advice despite lacking confidence

New data has shown that millennials (25-44) are as unconfident in their ability to manage their finances as younger Gen Z...

02 December 2021

From: Breaking News

Mortgage roundup – a host of opportunities for borrowers

This mortgage roundup highlights the latest updates and features from the UK’s leading lenders, from custom-build mortgage products and holiday let mortgages,...

11 November 2021

From: Breaking News

Good news for advisors – tech prevails and business bounces back

Data released by independent equity release advisory service, Equity Release Supermarket (ERS), shows that there’s a continued desire amongst their customers to...

04 November 2021

From: Breaking News

The majority of landlords spent £13k on refurbishments over past year

Savings and lending bank Shawbrook recently conducted a Changing Face Buy-to-Let Report to investigate refurbishment costs. In total 1,000 landlords, and 1,000...

21 October 2021

From: Breaking News

Buying property with a partner: Expert tips on protecting your finances

James Andrews, senior personal finance editor at money.co.uk, offers up top tips on how those planning to purchase a home with...

20 August 2021

From: Breaking News

Furlough phase out – what to do if you can’t pay your mortgage

As furlough support has begun to phase away from July 1 2021, there is still concern that this could lead to...

15 July 2021

From: Breaking News

Homeowners forced to use savings for maintenance costs

According to new research from the homebuying platform, YesHomebuyers,  the majority of UK homeowners spend between £500 to £1,500 a year on...

06 July 2021

From: Breaking News

Revealed - 5 tips to overcome financial anxiety 30% of Brits have

Over the past year, many have experienced changes to their financial situations. With this in mind, Shawbrook Bank conducted a study...

06 July 2021

From: Breaking News

On the move – 36% of millennials move home for better quality of life

The pandemic and subsequent lockdowns have impacted UK employees in a major way, with more than a third (36%) aged 18-34...

10 June 2021

From: Breaking News

Just 27% of people seek financial advice despite Covid uncertainty

Only a quarter (27%) of UK adults have sought financial advice ahead of ‘freedom day’ despite Covid-19 causing financial uncertainty, according...

02 June 2021

From: Breaking News

New dates for MBE Leeds and London announced

Mortgage Business Expo (MBE) has confirmed that it will be open for live events in 2021. The first event will return to...

22 April 2021

From: Breaking News

Advisers - different ways to protect your online finances

Financial institutions in the UK continue to invent new ways to enable their clients to access their products and services online....

28 January 2021

From: PropTech

‘Self-employed’ and ‘defaults’ the most searched terms by brokers

Searches for ‘self-employed’ and ‘defaults’ became the most popular in December, according to new research from criteria search specialist Knowledge Bank. Knowledge...

12 January 2021

From: Breaking News

Suros Capital joins Loans Warehouse lender panel

Luxury asset lender Suros Capital has become the latest addition to Loans Warehouse’s lender panel to provide unique short-term finance propositions...

07 January 2021

From: Breaking News

Why advisers should take a closer look at residential real estate lending

Advisers have recently faced a relentless succession of challenges in the attempt to source consistent returns for clients in an environment...

02 October 2020

From: Breaking News

The show must go on: Brokers and lenders unite in light of Covid-19

The Society of Mortgage Professionals (SMP) has revealed how brokers are helping consumers worried about their finances during the coronavirus outbreak. David...

10 April 2020

From: Breaking News

Commercial finance specialists should broaden their lender panels – FIBA

The Financial Intermediary & Broker Association (FIBA) is asking members to consider the Bank of England’s (BoE’s) warning about lenders cutting...

06 November 2019

From: Breaking News

Millions of mortgage holders underestimated time it took to be mortgage free

Nearly a third (32%) of current mortgage holders, which equates to approximately 4 million people, may have to re-evaluate their finances...

08 January 2019

From: Breaking News

Nationwide becomes the newest member of the Equity Release Council

Nationwide is the latest building society to join the Equity Release Council (The Council) following its introduction to the lifetime mortgage...

28 November 2017

From: Breaking News

PRA changes enable brokers to offer more guidance to BTL landlords

The imminent Prudential Regulation Authority (PRA) changes grant brokers and advisors more opportunity to provide guidance for buy-to-let landlords who are struggling...

25 September 2017

From: Breaking News

Freedom Finance launches new campaign against rising future interest rates

Freedom Finance has urged UK families to examine their finances after revealing that an average mortgage bill could increase more than...

18 September 2017

From: Breaking News

Castle Trust Capital announces PRA Phase 2 changes

Castle Trust Capital has announced the implementation of its PRA Phase 2 changes, which require a specialist approach to underwriting for...

14 August 2017

From: Breaking News

Teach money management and mortgages at school, urges industry firm

In response to last week's Housing White Paper, mortgage management firm Computershare Loan Services has urged the government to make sure...

17 February 2017

From: Breaking News

Paragon updates buy-to-let range

Paragon Mortgages has updated its buy-to-let product range for professional landlords and unveiled six new products. The range includes two-year fixed rate products...

02 June 2016

From: Breaking News

Brokers hail “bumper” March for lending

Brokers and lenders are celebrating a "bumper month" which saw borrowing in March 64% higher than one year earlier. Gross mortgage borrowing...

27 April 2016

From: Breaking News

First-time buyer numbers dip in December

First-time buyer numbers fell nearly 5% in December as the traditional winter cooling hit the UK property market. Some 26,600 buyers took...

29 January 2016

From: Breaking News

Household debt soars in last six months

A steep rise in debt since last summer 2015 has put more households under financial pressure, new research shows. Income and saving...

14 January 2016

From: Breaking News

Serious rent arrears at three-year high

A growing number of tenants are now seriously behind on their rent, new figures show. The number who were more than two...

08 January 2016

From: Breaking News

One in three don't know their mortgage rate

One in three mortgage holders have no idea what rate of interest they are paying, new research shows. This is despite growing...

08 December 2015

From: Breaking News

Interest-only time bomb set to explode

The interest-only time bomb is set to explode as almost three-quarters of affected borrowers fear they may not be able to repay their loan. Some...

03 November 2015

From: Breaking News

Mortgage approvals reach 2015 high

A new report from the Bank of England shows that approvals of loans for house purchases hit a 2015 high in...

01 October 2015

From: Breaking News

Mortgage deals “spike” as lenders prepare to pull rates

August has seen a spike in the number of mortgage deals as buyers look to snap up cheap loans before interest...

18 August 2015

From: Breaking News

Latest drop in repossessions masks hidden threat

Repossession rates have fallen to another new low but brokers warn that will quickly reverse when interest rates finally start rising. Repossessions...

14 August 2015

From: Breaking News

Remortgagers dash to raise cash

Almost one third of borrowers who remortgaged in May increased the size of their mortgage to release cash for spending or...

02 July 2015

From: Breaking News

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