Retired home owners in the UK are using their housing wealth to clear debts to strengthen their finances, new equity release market figures relating to the first quarter of 2019 suggest.
Worrying numbers of householders may be "in too deep" with their borrowing, a city regulator boss has said.
Survey reveals 6m Britons fear never being debt-free with 25% struggling to make ends meet and 62% worried about personal debt levels
Financial Conduct Authority says company supplying household goods on high-cost credit has not been ‘a responsible lender’
FCA figures will increase concern among policymakers over how British households will cope with an interest rate rise
Near-zero rates have spurred borrowing and left consumers, businesses and governments at risk, says Basel institution
A five-week wait for Universal Credit has been a major factor in pushing some claimants into rent arrears, the government's own research has found.
Universal Credit merges six existing benefits into one and is being introduced gradually across the UK.
Housebuilders must diversify their debt from the biggest five banks or risk shutting off access to vital capital, an analyst at KPMG has warned.
Default rates ‘increased significantly’ between April and June, Bank of England says, adding it expects availability of credit to fall in coming months
Opt in here