The Government has announced that it has completed the £5 billion pound sale of the final chunk of its ‘bad bank’ comprising failed lenders Bradford & Bingley (B&B) and Northern Rock (NRAM0. The Government says that the final sale constitutes a significant milestone in the work to achieve the government’s objective of returning the institutions…

The Social Market Foundation (SMF) estimates that nearly 770,000 families are at risk of losing their homes if they suffer a loss in income when a ban on repossessions ends in April. The Social Market Foundation think tank analysed official data and found that of the 770,000 at risk of repossession, a quarter (26%) worked…

New data analysis from Key has indicated shows that older homeowners gifted an average of £42,500 to younger relatives to help them get on or move up the property ladder in 2020. This is almost two-thirds of the average first-time buyer deposit (£57,278) and will have gone even further than before due to the stamp…

Credit Connect Media announced that it has launched a new event called the Lending Technology Think Tank which will take place on Thursday 22nd April. The event will focus on technological and innovational developments and strategies within lending. The inaugural Think Tank is a multi-session event that includes a diverse range of speakers and is…

A joint statement by The Big Issue Ride Out Recession Alliance, Crisis, Citizens Advice, Joseph Rowntree Foundation, Money Advice Trust, The Mortgage Works, National Residential Landlords Association, Nationwide Building Society, Propertymark, StepChange Debt Charity and Shelter has urged that the Chancellor takes action to tackle the rent debt crisis. The group says that at least…

New research from Experian has found that one in six (60%) of consumers are e continuing to embrace digital transactions by using universal mobile wallets. The research has found that more people become accustomed to the security and convenience of the digital channel, digital transactions including mobile wallet payments are continuing to increase.  The Global…

Target Group is launching a fully digitalised mortgage platform which it says will transform the mortgage application process. The company says the launch of ‘Mortgage Hub’ will speed up the ‘outdated and cumbersome’ mortgage application process and increase accuracy. The system reduces the need for repetitive data entry as it integrates with Open Banking and…

The Government has announced that renters will continue to be supported during the ongoing national lockdown restrictions, with an extension to the ban on bailiff evictions extended until 31st March. The ban on bailiff evictions was introduced at the start of the pandemic means that the ban has been extended for another six weeks with…

450,000 families are thought to have fallen behind on rent, as a result of the coronavirus crisis, according to a new report by the Resolution Foundation. The research indicated that more than 750,000 had been behind on housing costs last month, a 450,000 rise when compared to January 2020. The report examined how families have…

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business fell in December 2020 by 18% compared with the same month in 2019, and decreased by 18% in 2020 as a whole. The retail store and online credit sector reported new business 6% lower in December than in the…

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