Blog

Rising levels of debt in the UK and Scotland

Research has shown that people living with debts may suffer a range of mental health problems, including depression and stress. People living in Scotland had almost 10% more debts than the average for the UK.

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Early money advice is best advice

In Scotland last year over 10,000 people entered a formal personal insolvency process. Both Sequestration and Trust Deeds are formal insolvency processes in Scotland which allow individuals to write off some of their debts.

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Worried about your interest only mortgage approaching maturity?

There are 1.67 million full interest-only and part capital repayment mortgage accounts outstanding in the UK; this may point to many families in the UK being unable to repay the borrowing at the end of the mortgage term.

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