A new report from FTSE100 financial services group Legal & General and Cebr shows that, amidst a reduction in transaction volumes across the UK housing market, it has been highlighted that the Bank of Mum and Dad (BoMaD) will fund nearly 20% fewer property purchases than in 2018. The jump in BoMaD loan sizes has…

Paying upfront for a car is increasingly falling out of favour with UK drivers according to research from Close Brothers Motor Finance. In the past year, the proportion of drivers saying they will opt for finance, leasing or renting for their next car has increased by 15% (from 37% in 2018 to 43% now). While…

Relentless change is the only constant in UK mortgage criteria according to analysis Knowledge Bank The research by the criteria specialist reveals that the top five most searched-for criteria by brokers have changed every single month in each of the eight lending types on Knowledge Bank over the past twelve months. This equates to 96…

TransUnion and Let Alliance have announced that they have completed a two-year strategic project that has resulted in redefining the way that tenant referencing works in the UK, with references now returned the same day. Let Alliance has developed the affordability algorithms in partnership with TransUnion and through the knowledge of managing a Rent Guarantee…

The Bank of England has published its latest Mortgage Lenders and Administrators Statistics which indicate that arrears figures have decreased slightly. The proportion of total loan balances in arrears has continued to decrease, reaching 0.99%, the lowest since the series began in 2007 The figures indicated that the outstanding value of all residential mortgage loans…

The tenant fee ban could save UK renters £192 million a year, new analysis has found. Researchers scouring government data found there are some 860,000 rental transactions a year across the UK, with the average tenant is being charged £223 in fees alone. But under new laws set out in the Tenant Fee Act 2019…

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business in April was at a similar level to the same month in 2018. Credit card and personal loan new business together fell in April by 2% compared with April 2018, while retail store and online credit new business grew…

New figures released by the Finance & Leasing Association (FLA) show that the second charge mortgage market reports volumes up by 24% in April. Commenting on the April 2019 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said “In…

Households have been pushed nearly £2,000 into the red in the period since Theresa May became prime minister, according to TUC analysis as she prepares to resign the Conservative Party leadership. In every reported quarter since her arrival in Downing Street (2016 Q4 to 2018 Q4), families’ outgoings have outstripped their incomes. This has resulted…

The Competition and Markets Authority (CMA) has announced that it is investigating the potential £1.6bn merger between One Savings Bank and Charter Court. The investigation will assess whether the deal could potentially lead to a “substantial lessening of competition” in the mortgage market. The CMA has invited comments on the merger by June 19. In…

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