Searches for second charge mortgages increased by 14% year-on-year in 2023, according to data from Knowledge Bank that’s been released for a dual-branded version of the Pepper Money Specialist Lending Study
Almost one in four (22%) UK homeowners with a mortgage – equivalent to 2.8 million people – have said repayments are stopping them from saving more for retirement, according to new findings from the Equity Release Council and Canada Life
More than nine in 10 (92%) regulated firms do not carry out daily monitoring on clients, which potentially exposes them to sanction breaches and financial crime, SmartSearch has found
Simplifying the tax rules around gifting in the upcoming Budget would help to boost the housing market as well as ease the first-time buyer crisis, Key Later Life Finance has argued
Almost two thirds (64%) of UK adults, equating to 35 million people, believe they have missed out on financial opportunities in life, research by Moneybox has suggested
Over two in five (42%) regulated firms have reported a rise in financial crime attempts in the past six months, with over a quarter (26%) stating that they have been a victim, SmartSearch has found
The equity release market has "reasons to be cheerful" as increased product innovation combined with expected base rate cuts and gilt rates moving below 4% provide the foundation for renewed growth, Key Later Life Finance has said