Lending predicted to hit £310bn despite uncertainty

22nd December 2022 Consumer Lending | #lending#mortgages

Intermediary Mortgage Lenders Association’s (IMLA) latest report has shown that the mortgage market has remained resilient throughout 2022 with gross lending expected to reach £310 billion this year, slightly above 2021’s strong performance. The figure has been driven by high levels of re-mortgaging, which account for more than a third of gross lending. The buy-to-let…

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Rising inflation and falling wages spell a financially worrisome Christmas

22nd December 2022 Industry opinion |

Sharp increases in the cost of living, coupled with a real terms fall in wages and existing Christmas spending pressures are causing high levels of financial anxiety. The price of traditional Christmas food staples such as turkey, pigs in blankets, carrots and roast potatoes is reported to have risen on average by 18% in the last year.…

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Money Statistics: December 2022

22nd December 2022 Consumer Collections | #money statistics

Here is an overview of The Money Charity’s latest statistics for December 2022 Personal debt in the UK People in the UK owed £1,827.2 billion at the end of October 2022. The average total debt per household, including mortgages, was £65,746 and per adult was £34,547, around 107.4% of average earnings. Net mortgage lending rose by…

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