FCA Warns Second Charge Lenders to Review Affordability Checks

Mortgage Strategy has published a story today revealing that the FCA has criticised poor affordability checks in the second charge market, and details the industry’s failings in a “dear CEO” open letter to all second charge lender executives. Read more

KYC – As Easy As ABC

A number 3 as usual, sir? Your usual table Mrs Jones? Whether its a quick trip to the barber or a regular visit to the local Indian restaurant, we appreciate it when people who are providing us with a service know us and what we like. We feel we are in the hands of professionals and that they care. Read more

Acute Debt Must Never Be The End Of The World

Why Castlight shines a light on debt prevention.



This apparently is the formula behind the calculation which pinpointed this year’s Blue Monday – the day in January claimed to be the most depressing of the year. Read more

Creditworthiness is this week’s Big Issue

Lord Bird’s Creditworthiness Assessment Bill 2017-19 will get its second reading in parliament on Friday and the Castlight team will be following its progress carefully. Read more

Creditworthiness is on a Journey, but it needs a Passport

Next week the Creditworthiness Assessment Bill 2017-19 gets its second reading. For the UK’s 11 million renters, this is a bill, which if passed, will level the playing field with mortgage payers. Read more

Interest Rate Hikes Raise Red Flags

I talked about the new international accounting standard, IFRS 9 in this blog last week. And its still on my mind, particularly after last week’s interest rate rise and the clear signal from the Bank of England that there are more hikes to come. Read more

Gambling & Debt Crises – A News Week that could have been Avoided

Two financial news stories broke this week which have particularly saddened me. Two tales of situations where the financially vulnerable in our society have suffered unnecessarily, perhaps even been exploited. And this is heartbreaking, as the human pain and suffering could so easily have been prevented. Read more

Mark Carney is Right

A few weeks ago, I used this blog to welcome Mark Carney’s warning that families are seriously over-indulging on car finance and credit card debt. And this week, the Castlight team were delighted to see two pages of the The Sunday Times newspaper reporting on Bank of England initiatives to demand more detailed information from lenders on how they approve loans. Read more

Responsible Disruption

Uber, apparently the most valuable venture-backed company in history, has taken a tumble. Like all disrupters It was on a mission to change the world, to deliver a service that would cut right through the way people normally did things, and make life easier to navigate. But it has got itself mired in lawsuits and corporate culture chaos. Read more

Going on a Summer Holiday?

Taking a family of four on a summer holiday now costs an average of £1,212 according to new research quoted on the This is Money financial website. It’s a lot of money but we all, maybe subconsciously, appreciate that taking time out to spend with friends and family is important. Read more