The UK’s younger generations have increased the amount of debt they owe over the last five years according to analysis within Arrow Global’s consumer research report(Table 1). Significant numbers of millennials also don’t know how much interest they are paying (Table 3), according to the 2018 Debt Britain research from Arrow Global. The findings reveal…

UK Finance has published its mortgage trends update for July. The figures reveal that: There were 46,900 new homeowner remortgages completed in the month, some 23.1 per cent more than in the same month a year earlier. The £8.7bn of remortgaging in the month was 26.1 per cent more year-on-year. There were 32,600 new homemover mortgages…

SME funder Ultimate Finance has appointed three senior sales professionals to further strengthen support for SMEs in London and the South East. The new senior recruits are made up of Nick Haggitt, Head of Sales, Matthew Taylor, Senior Regional Director and Chris Mitcham, Regional Director. Between them, they bring more than 50 years’ experience in…

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has appointed Vineeta Manchanda and Rebecca Wilkie as members of its board of trustees. Manchanda and Wilkie will replace Claire Whyley, Merrick Willis and Sian Williams on the board whose terms of service have come to an end. Manchanda has served as…

Computershare Loan Services has confirmed it has been appointed standby administrator by Belmont Green for its latest securitisation. The mortgage servicer will undertake the role for Belmont Green Tower Bridge Funding No 2 plc as well as acting as delegate mortgage administrator for the loans. Andrew Jones, Chief Executive Officer at Computershare Loan Services, said:…

This month the Office of National Statistics (ONS) published their figures on the UK employment and labour market. Three of the key observations from this latest update are: Unemployment is down and stands at 4.0%, the lowest since Q4 1974. Job vacancies are at a new time record high of 736,000. Wage growth for the…

The winners of the second annual Credit & Collections Technology Awards will be revealed tonight at the Credit Services Associations’s annual Gala dinner at the Crown Plaza hotel in Stratford-upon-Avon. Eighteen winners from the Awards categories which are covered by four main headings of Credit, Collections, Credit & Collections services and Innovation will be announced.…