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Rise in mortgage arrears for Q2 2023: UK Finance – Mortgage Strategy

UK Finance’s latest arrears and possessions data for second quarter 2023 reveals there were 81,900 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the second quarter of 2023. This represents a 7% increase on the previous quarter. Within the total, there were 30,940 homeowner mortgages in

TMA reveals adverse credit a top priority for brokers in Q2 – Mortgage Strategy

Adverse credit’ and ‘income types’ were top priority for brokers in the second quarter of 2023, according to TMA Club’s broker support desk. TMA Club reveals that the top three queries it assisted directly authorised (DA) brokers with in Q2 were related to residential adverse credit, residential income support and

BoE shows up-tick in mortgage approvals but headwinds remain – Mortgage Strategy

The latest figures from the Bank of England reveal that net mortgage approvals for house purchases saw an increase from 51,100 in May to 54,700 in June, while approvals for remortgaging rose from 34,100 to 39,100 during the same period. Net borrowing of mortgage debt by individuals increased to £0.1bn in June, after

Scheme to support families in mortgage arrears extended again for four years

The scheme, which was previously extended in 2019 and again in 2022, offers free financial and legal support to those in ‘serious mortgage arrears’.

Government extends Abhaile scheme for four more years

Government extends Abhaile scheme for four more years
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