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Blog: Focus on arrears increases as economy struggles

Blog: Focus on arrears increases as economy struggles

Although interest rates are very low compared to the heady days of the 80s and 90s, the fact remains that they will most probably at least quadruple this year. Mix this with inflation moving towards 10 per cent, those borrowers who stretched themselves to get on the property ladder, whether on fixed rates or not, ...

This story continues at Blog: Focus on arrears increases as economy struggles

Or just read more coverage at Mortgage Finance Gazette

Blog: Focus on arrears increases as economy struggles
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Blog: Focus on arrears increases as economy struggles
Blog: Focus on arrears increases as economy struggles
Blog: Focus on arrears increases as economy struggles
Blog: Focus on arrears increases as economy struggles
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
Although interest rates are very low compared to the heady days of the 80s and 90s, the fact remains that they will most probably at least quadruple this year. Mix this with inflation moving towards 10 per cent, those borrowers who stretched themselves to get on the property ladder, whether on fixed rates or not, ... This story continues at Blog: Focus on arrears increases as economy struggles Or just read more coverage at Mortgage Finance Gazette
Although interest rates are very low compared to the heady days of the 80s and 90s, the fact remains that they will most probably at least quadruple this year. Mix this with inflation moving towards 10 per cent, those borrowers who stretched themselves to get on the property ladder, whether on fixed rates or not, ... This story continues at Blog: Focus on arrears increases as economy struggles Or just read more coverage at Mortgage Finance Gazette
Blog: Focus on arrears increasing in stressed economy
Blog: Focus on arrears increasing in stressed economy
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The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
Rise in creditย  Recent Bank of England statistics showed that credit card borrowing was up 10.6 per cent in the last year, the biggest rise in three years. Some of this will be because of the fact that unsecured credit is so readily available, but some will be because monthly disposable income is being squeezed.ย ย  An area in particular that has been reported on appears to be disproportionate borrowing rates on personal overdrafts, with many equivalent annua...
Rise in creditย  Recent Bank of England statistics showed that credit card borrowing was up 10.6 per cent in the last year, the biggest rise in three years. Some of this will be because of the fact that unsecured credit is so readily available, but some will be because monthly disposable income is being squeezed.ย ย  An area in particular that has been reported on appears to be disproportionate borrowing rates on personal overdrafts, with many equivalent annua...
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The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
It has become widely recognised that open banking holds the key to unlocking a seamless mortgage journey. With access to a wider and richer array of data, lenders can develop more informed insights about their customers, therefore speeding up the underwriting process by automating affordability calculations in real-time, using detailed financial data. This significantly reduces the risk of human error and helps to avoid unnecessary rejections. Open banking is ...
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