4+ day, 17+ hour ago   (251+ words) The mutual has simplified its expat buy-to-let (BTL) proposition by scrapping its minimum income requirement and reducing the level of documentation needed from both employed and self-employed applicants. Self-employed borrowers will now only need to provide one year’s accounts, rising…...

1+ week, 2+ day ago   (192+ words) As part of the service, the consultancy assesses affordability methodologies, data sources and controls and benchmarks the approach against peers and regulatory expectations. The service is suitable for lenders across the motor finance, consumer lending, credit union, specialist finance and…...

1+ week, 5+ day ago   (610+ words) UK Finance’s Q2 2026 Household Finance Review outlined a mortgage market that has made a very tentative recovery. Positively, the report highlighted underlying strength in purchasing demand for now. Overall, house purchase lending for the year through to July was just under…...

2+ week, 4+ day ago   (270+ words) UK Finance’s latest Later Life Lending figures showed that the value of this lending was £6.2bn, marking an increase of 20.5% versus the same quarter in 2025. However, UK Finance noted that the year-on-year comparison was “inflated” due to Q2 2025’s drop in lending…...

3+ week, 2+ day ago   (358+ words) A Lloyds study of over 1,000 prospective first-time buyers found that 37% of respondents feared getting rejected for a mortgage. Many felt their financial circumstances would automatically make them ineligible for a mortgage, with 58% believing that having existing debt would stop them…...

3+ week, 3+ day ago   (391+ words) The lender said the changes reflect the fact that a customer’s credit history does not always tell the full story, with life events often having a temporary impact on a borrower’s credit profile without defining their long-term financial position or…...

3+ week, 5+ day ago   (310+ words) The FCA’s focus on customer outcomes runs through all of this. Advisers using AI still need to show that products and services meet the needs of the target market, that communications support customer understanding and that support remains appropriate. Accountability…...