Credit, Collections & Insolvency News
New statistics published by HMRC today show 293,000 people currently have an open account with the Government’s Help to Save scheme. Due to a widening of eligibility to all working Universal Credit claimants, the number of people opening accounts has risen by around 53% year on year. While this is a welcome rise, up to…
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Since the financial crisis of 2008-9, 3.3 million prospective homeowners have missed out on the opportunity to own a home according to new research by leading Pepper Money. The research indicates that if pre-crash financial trends continued, then this would have enabled 3.3 million more households to geton the property ladder. The findings come in…
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New research by Apil Mortgages has found that only 14% of the UK’s 100 largest towns and cities are affordable to single-income buyers. Buying an average home in 16 of the UK’s 100 largest towns and cities requires a deposit of more than £200,000 for a mortgage applicant earning an average salary. In more than half (52%) of these towns and…
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According to new research from Lloyds Banking Group, consumers across the country are concerned about the current challenges the UK housing market is facing, with only one in five believing there are enough affordable homes in their area. This news comes as house prices reach record highs and activity levels remain robust. Despite more than…
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