The most recent Pepper Money Adverse Credit Study found that almost a quarter of all people aged 55 and over (24%) said the amount of outstanding debt they have has increased over the last year as a result of COVID-19.
The most recent Pepper Money Adverse Credit Study found that almost a quarter of all people aged 55 and over (24%) said the amount of outstanding debt they have has increased over the last year as a result of COVID-19.
As the saying goes, everybody is going through the same storm, but we’re not all in the same boat.
In the midst of lockdown, it’s important to look forward with optimism. So, what trends are likely to be in store for brokers?
In the current environment, longer term 5-year fixed rates are becoming increasingly popular.
There are currently 150,000 homeowners trapped on high interest mortgages, who are unable to switch to a cheaper deal, according to the FCA.
