Consumer car finance market decreases by 3% in June

22nd August 2019 Consumer Collections |

New figures released by the Finance & Leasing Association (FLA) show that the point of sale (POS) consumer car finance market fell by 3% in June 2019, compared with the same month in the previous year. The POS consumer new car finance market reported a fall in new business volumes of 5% in June compared…

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Second charge mortgages increase by 15% in June

22nd August 2019 Consumer Collections |

Second charge mortgage market reports volumes up by 15% in June according to the latest figures released by the Finance & Leasing Association (FLA). Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said “The second…

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Adults still relying on ‘The Bank of Mum and Dad’

22nd August 2019 Consumer Collections |

Almost half of adults admit they still rely on ‘The Bank of Mum and Dad’ for cash, a new study by Virgin Media has found. Over the course of the last year, adult children have ‘borrowed’ a total of £708 from their mums and dads to help with university fees, bills and home improvements. Others…

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Homeowners could avoid over £6,000 interest by overpaying mortgage

22nd August 2019 Consumer Collections |

Mortgage holders are spending thousands of pounds unnecessarily on their mortgage through one small oversight according to new research by Comparethemarket. According to the research, homeowners could cash in on significant savings and cut down their mortgage term, simply by making small but regular overpayments to their provider. Homeowners on a fixed rate repayment mortgage…

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