First-time buyers paying extra £4,200 a year on their mortgage
First-time buyers in the UK are facing paying an extra £4,200 a year on their mortgage with increased mortgage payments, which now average £940 per month compared to £590 five years ago, according to...
11th March
In the press
Second charge mortgage new business volumes grew by 16% in December 2024
Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA),...
03rd March
In the press
Asset finance new business grew by 7% in December 2024
New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in December 2024 by 7% compared with the same...
25th February
In the press
Eight in ten mortgage brokers optimistic amid economic challenges
New research reveals that there is healthy optimism among brokers about the future of the UK mortgage sector, despite a challenging economic backdrop, including stamp duty rises expected in April and...
13th February
In the press
Consumer finance new business fell by 1% in November 2024
New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business fell in November 2024 by 1% compared with the same month in 2023. In the eleven months to...
06th February
In the press
Economic growth forecast slashed for 2025
The EY ITEM Club Winter Forecast is predicting that UK GDP growth will be at 1% in 2025, down from the 1.5% growth projected in October’s forecast. This represents only a marginal improvement on the...
06th February
In the press
House price affordability improves, but average first-time buyer still paying five times salary
Wages outstripped house price growth last year resulting in a “modest improvement” in affordability for buyers, according to mortgage lender Nationwide.
04th February
In the press
Mortgage affordability improving but borrowers still stretched: Nationwide
There has been a modest improvement in UK housing affordability over the last year, due to earnings growth marginally outpacing house price growth and a slight reduction in average borrowing costs.
28th January
In the press
Consumer confidence falls but analysts say 2025 could be better
Consumer confidence dropped marginally in the last quarter of 2024, according to the Deloitte consumer tracker.