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The number of people making unauthorised withdrawals from a Lifetime ISA (LISA) rose by 56% to 74,650 in the 2022/23 tax year, up from 47,850 in 2021/22
3/7/2023
A brief round up of news coming out of the consumer finance space for the week commencing 26 June, featuring Barclays, Pepper Money, and more...
30/06/2023
Evelyn Partners has announced the launch of its new digital hybrid platform as part of its employee financial wellbeing service, Moneyhealth.
30/06/2023
Net mortgage approvals for house purchases increased in May compared to April, to 50,500 from 49,000 respectively, the Bank of England (BoE) has revealed
29/06/2023
The “worrying weight of compliance” is having an effect on regulated firms in the emerging financial sectors, with over two thirds saying that they are concerned about committing an anti-money laundering (AML) breach, a survey by SmartSearch has found
28/06/2023
Lenders representing an estimated 85% of the mortgage market have signed up to a Mortgage Charter that is being introduced by the Government to help struggling borrowers
27/06/2023
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.
26/06/2023
UK mortgage lenders have met with the Chancellor and agreed to offer more flexibility to homeowners struggling to cope with soaring interest rates
23/06/2023
The Bank of England (BoE) has once again increased its base rate to now take interest rates to 5%, their highest level in 15 years
22/06/2023
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
19/06/2023
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
15/06/2023
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.
13/06/2023
Knowledge Bank has announced it is holding a one-off criteria clinic about how Consumer Duty will affect borrowers choosing to build their own homes
08/06/2023
The Financial Conduct Authority (FCA) has announced plans to introduce tougher rules for marketing cryptoassets to UK consumers
08/06/2023
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
01/06/2023