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.
27th January
In the press
Business confidence hits two year low
UK business confidence has reached its lowest point in nearly two years, according to the latest Business Trends Report by BDO. The BDO optimism index fell by 5.81 points to 93.49 in November, marking...
15th January
In the press
Mortgage arrears increases by 18%
Latest mortgage lending data from the Bank of England and FCA shows that the value of outstanding mortgage balances with arrears is 18% higher than a year earlier and has risen to £21.9 billion,...
06th January
In the press
British consumers most likely to demand instant decisions on loans
New research by CRIF has found that consumers in the UK are the most likely in Europe to demand near-immediate decision-making on services and product applications by banks, insurers and lenders.
02nd January
In the press
Second charge mortgage new business volumes grew by 32% in October 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),...
11th December
In the press
Second charge mortgage new business volumes grew by 16% in August 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),...
28th October
In the press
Half of adults have cut back spending on essentials
Half of adults have cut back spending on two or more essentials, including energy, water, broadband and car insurance, in the last year according to latest research by the Citizens Advice.