One in ten not confident on mortgage repayments
According to Compare the Market’s latest Household Financial Confidence Tracker, over one in ten (13%) admit they are not confident in their ability to meet their mortgage repayments over the coming...
View Article7.7m households suffering from fuel stress
7.7 million households in England are at risk of fuel stress this winter, including the majority of families with children. The Government will therefore need to do more to support vulnerable...
View ArticleYounger generations may no longer be able to rely on Bank of Mum and Dad
New research by Aegon has shown that younger generations of adults may no longer be able to rely on the so-called ‘Bank of Mum and Dad’ as patterns of wealth across generations evolve. The trend of 20-...
View ArticleSecond charge mortgages grows by 16%
New figures released by the Finance & Leasing Association (FLA) has shown that second charge mortgage new business volumes grew by 16% in August 2024 Commenting on the latest new business figures...
View ArticleMortgage default rates rise
Latest Bank of England of England data has reported that lenders have seen mortgage defaults rose in the three months to the end of September and are expected to do so again in the last three months of...
View ArticleCall for overhaul of council tax debt collection system
StepChange Debt Charity is calling for urgent action from the Government and local authorities to overhaul the council tax debt collection system, as it says current practices are causing significant...
View ArticleCredit card outstanding balances grow by 7.6%
Latest data from UK Finance has found that outstanding balances on credit card accounts have grown by 7.6 per cent over the twelve months to July with 49.4 per cent of outstanding balances incurring...
View ArticleInsolvency Service investigation highlights poor practice in the IVA market
Latest research commissioned by the Insolvency Service has shown evidence of poor practice among providers of Individual Voluntary Arrangements (IVA). Individual Voluntary Arrangements (IVAs) are a...
View ArticlePersonal insolvency numbers increased by 6% in September
Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures increased by 6% in September 2024 to a total of 10,651 compared to August’s...
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North of England hardest hit by rising mortgage costs
Homeowners in parts of northern England are more than twice as likely to be in mortgage arrears than those in the south, according to new analysis of Financial Conduct Authority (FCA) data by...
View Article70% of people feeling worried or anxious ahead of Budget
New research from Skipton Building Society has found that just one in four people (26%) are feeling hopeful and optimistic about the upcoming Budget announcement. Whilst a further 70 per cent admit to...
View Article6% of civil enforcement doorstep interactions are a breach of current standards
New Enforcement Board (ECB) research has found that 6% of civil enforcement doorstep interactions are a breach of current standards. The research, commissioned by the ECB and led byagency M.E.L...
View ArticleIncrease in debt levels for those approaching or in retirement
New data has revealed a significant increase in debt levels for those approaching or in retirement, with the average debt for ‘baby boomers’ climbing by over 11% in the third quarter of 2024. In...
View ArticleMoney Statistics: October 2024
Here is an overview of The Money Charity’s latest statistics for October 2024 Personal debt in the UK People in the UK owed £1,864.9 billion at the end of August 2024. The average total debt per...
View ArticleOne in four people wouldn’t talk to anyone if they had money worries
New research by Hargreaves Lansdown has found that one in four people (26%) said they wouldn’t talk to anyone if they had money worries. The data also shows that this figures rises to 30% among men and...
View ArticleTwo in five households say they will find it difficult to afford water bills
Two in five households across England and Wales say they will find it difficult to afford the increases to water bills being proposed by the regulator Ofwat. The Consumer Council for Water (CCW) has...
View ArticleMortgage arrears fall by 3%
Latest mortgage lending data from UK Finance has found that there were 93,630 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in Q3 2024, 3% fewer than in the previous quarter...
View ArticleTwo in five finding it difficult to pay their bills
Latest data from StepChange has found that two in five (41%) have found it difficult to keep up with bills and credit commitments in the last few months. The debt charity data has also found that,...
View ArticleSecond charge mortgage grows by 27%
New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 27% in September 2024> Commenting on the latest new business figures...
View ArticleRent and mortgage costs grow by 6.4%
Growth in rent and mortgage spending increased to its highest rate in 13 months, at 6.4 %, last month according to the latest Barclays Property Insights report. The report found that more than half of...
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