More than one in six people (17%) expect that they will be repaying their mortgage when they are over the age of 65, research from Hargreaves Lansdown has found.
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