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Second charge mortgage repossessions down 50% in Q1

The number of second-charge mortgage repossessions in Q1 2017 was 17, down by 50 per cent on the same period of 2016, according to the Finance & Leasing Association.

FLA head of consumer and mortgage finance Fiona Hoyle says: “The number of second-charge mortgage repossessions fell again in the first three months of this year, as lenders continued to support customers experiencing repayment difficulties.”

In total there were 144 such repossessions in 2016, 228 in 2015 and 447 in 2014.

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Second charge new business down 6% in February

Second charge new business fell by 6 per cent in value in the year to February 2016, according to the latest figures from the Finance and Leasing Association. The volume of business also dropped over the same period, down 12 per cent. The data follows a similar drop in January, when second charge business fell […]

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Does second charge need product levies and its own trade body?

The second charge market is not yet cohesive enough to present a united front. There is no common message and the marketing is at best fragmented and at worst invisible. So how does the market generate more second charge business? I believe the answer is two-fold. Firstly, I believe that the industry needs its own […]

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Has Britain really stopped saving?

By Steve Webb, Director of Policy and External Communications Our latest policy paper reveals what the fall in the savings ratio does (and doesn’t) mean In June 2017, the Office for National Statistics published its estimates for the ‘savings ratio’ for the first quarter of 2017. This is essentially a measure of the percentage of […]

Auto enrolment – so far so good?

Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]

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