Haves or have nots – which are you?

Mind the gap

The gap between Britain’s haves and have nots has been widening over the last decade, new figures have revealed. The Resolution Foundation think tank says the top 1% of the UK adult population – around 488,000 people – own 14% of the nation’s assets, worth a cool £11 trillion.

Is your credit score stopping you getting a mortgage?

Is your credit score stopping you getting a mortgage?

Saving your deposit may seem the most important thing in getting your mortgage, but don’t ignore your credit score too. Price comparison site Moneyfacts said recent research has shown that many prospective buyers struggle to get a mortgage because of their poor credit rating.

Average UK house price £12,000 up on last year

Average UK house price £12,000 up on last year

The average UK house price has risen by £12,000 year on year and the cost of renting is up by 1.8%. The Office for National Statistics (ONS) says a typical home in the UK is now £220,100, a rise of £3,500 on the previous month and affordability is the biggest concern for renters.

ABI takes lead in pensions dashboard project

ABI takes lead in pensions dashboard project

The Association of British Insurers (ABI) has taken the lead in developing the planned British pensions dashboard project to prevent delays caused by the general election. The initial project to develop the system ended in May, but the ABI stepped in to keep the momentum going.

The rise of the pensioner mortgage

The rise of the pensioner mortgage

The number of pensioner mortgages in the UK is set to double in the next few years according to new research. The survey by the International Longevity Centre-UK (ILC-UK) predicted the total mortgage debt among the over 65s will increase from £20.1 billion to £39.9 billion by 2030.