More consumers missing mortgage repayments

clock

LeadPoint, the lead exchange marketplace, has revealed the number of consumers missing mortgage repayments is on the rise.

The group compared over 20,000 remortgage leads sold in March and April and found a small but significant increase in the number of consumers who have missed a payment on their remortgage in the last 12 months. Nick Chapman LeadPoint UK managing director, says: “In March, less than 12% of consumers had missed one or more payments and this had increased to almost 13% in April. Our analysis confirms that things are getting a lot tougher for consumers in the current market and will continue to do so over the coming months.” LeadPoint currently trades Mortgage, Loan, Private Medical Insuran...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read