Half of young parents can’t afford to have more children

Half (49%) of younger parents aged 18-34 have decided to not to have another child as it has become too expensive due to the rising cost of living according to research from Creditspring. Younger couples who were planning on starting a family have also been forced to change their plans due to the financial climate.…

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Affordability of mortgage payments falls as a barrier to buying a home

15th March 2024 Consumer Lending | #affordability

The latest Property Tracker report from the Building Societies Association (BSA) shows a significant reduction in the number of homeowners concerned about paying their mortgage along with a decrease in those that see mortgage affordability as a barrier to home buying.  The BSA says that the data is a welcome change, most likely reflecting the reduction in…

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Households facing more affordability pressures

Households have faced more than a year of high inflation and rising interest rates and the impact of both is becoming more apparent according to new UK Finance data. The research found that squeezed budgets and higher financing costs are bearing down more heavily on affordability for prospective house buyers. The same pressures are, as…

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Quarter of self employed struggle to access financial services

New research from open banking platform, Tink, reveals that over a quarter (28%) of the UK’s self-employed struggle to access the financial services they require, leading many to believe the current system works against them due to their employment status. According to the survey of consumers, a stark 27% of self-employed people feel they have…

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TransUnion and CreditLadder agree property rental payments credit report partnership

Global information and insights company TransUnion has announced that it has partnered with CreditLadder, the rent reporting platform, to incorporate UK tenants’ rental payments into their credit information. Rental payment history of those individuals using CreditLadder can now be recorded in their TransUnion credit report, giving finance providers a more holistic view of financial standing…

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