A quarter of homeowners (26%) have said that they will not be able to afford their mortgage if interest rates go up again, research by data platform, Moneyhub Decisioning, has found
Future decisions by the Bank of England (BoE) are currently being put under the microscope by industry professionals, with many expecting a further rise in interest rates at the Monetary Policy Summary (MPC) meeting next week
Over half (54%) of the equity released in properties in Q1 2023 was used for debt management, the latest data from the Mortgage Advice Bureau has found.
Net mortgage approvals for house purchases fell in April to 48,700, down from 51,500 in March, new figures released by the Bank of England (BoE) have indicated
The latest news in brief coming out of the consumer finance space for the week commencing 22 May, featuring Just Mortgages, Knowledge Bank, and more...
The number of people struggling to meet bills and credit repayments has risen by 3.1 million since May last year, the Financial Conduct Authority (FCA) has revealed
The latest news in brief coming out of the consumer finance space for the week commencing 24 April, featuring Accord Mortgages, Pepper Money, and more...
The number of equity release customers has fallen by 29% in Q1 of this year compared to 2022’s level, figures published by the Equity Release Council have revealed.
New and returning customers dipped to a total of 16,691 between January and March, down from 23,395 in Q1 last year
HMRC repaid a total of £48.5m to people who overpaid tax when they flexibly accessed their pensions in Q1 2023, pushing the total repayments since the introduction of pension freedoms in 2015 past £1bn